Continued weekly unemployment claims fell in the week of March 20 to their lowest Covid19 pandemic period point of 3,794,000 (seasonally adjusted). The decline in the unemployment claims driven by a combination of:
- Jobs creation
- Benefits expiration
- Exits from the labor force
Even with the positive news, U.S. current reading is in line with March 2011.
More updates on the U.S. labor markets coming up, so stay tuned.
