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News: US unemployment Claims reach the lowest level since COVID-19 pandemic began

The Department of Labor released its report on new jobless claims on Thursday that new claims for jobless benefits fell to their lowest weekly level in the last year, a sign that the faster rollout of vaccines and the passage of a $1.9 trillion relief package are having an effect. As the job market shows signs of life, economists are lifting their forecasts for U.S. economic growth. President Joe Biden said at a news conference, We are starting to get new signs of hope in our economy We still have a lot of work to do. I can say to the American people, help is here, and hope is on the way.