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Labor Department reports drop in unemployment claims

Posted at 1:24 PM, May 20, 2021
and last updated 2021-05-20 16:38:30-04

444,000 Americans filed for unemployment benefits last week.

That's lower than what economists predicted.

The Labor Department's new numbers show a drop of 34,000 claims from the previous week.

The fall marks a new pandemic low and a sign that the job market is getting better.