New US jobless claims plunged 92,000 last week: govt

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WASHINGTON, United States (AFP) — Americans filed 92,000 fewer applications for unemployment aid last week, the government reported Thursday, in the latest sign the widespread job losses caused by the Covid-19 pandemic was ebbing as businesses reopen. The Labor Department data showed there were 498,000 initial claims for jobless benefits made in the week ended May 1, seasonally adjusted, far fewer than expected and a new low since the pandemic began in March 2020 and […]