Indianapolis News and HeadlinesNational

Actions

Fewest Americans collecting unemployment benefits since 1970

Unemployment Benefits
Posted at 11:55 AM, Apr 22, 2022
and last updated 2022-04-22 11:55:04-04

Applications for unemployment benefits inched down last week as the total number of Americans collecting aid fell to its lowest level in more than 50 years.

Jobless claims fell by 2,000 to 184,000 last week, the Labor Department said Thursday.

The four-week average of claims, which levels out week-to-week volatility, rose by 4,500 to 177,250.

About 1.42 million Americans were collecting traditional unemployment benefits in the week of April 9, the fewest since February 21, 1970.

Two years after the coronavirus pandemic plunged the economy into a brief but devastating recession,

American workers are enjoying extraordinary job security.