Weekly jobless claims fall below 300000 for first time since pandemic

Weekly jobless claims fall below 300000 for first time since pandemic

In March and April of 2020, more than 20 million workers lost their jobs ― at one point totaling more than a million a day ― as pandemic-inflicted closures took their toll on the country’s service-centric economy. In the 18 months since, the jobless ranks have shrunk significantly. The decreasing number of layoffs may have less to do with a strong economy than workers’ decisions to leave voluntarily, however. Americans are quitting their jobs at historically high rates, as about 4.3 million left their jobs in August, according to Labor Department data reported Tuesday.
More on: www.washingtonpost.com