Associated Press (05/13/21) Rugaber, Christopher

The latest report from the U.S. Department of Labor reveals a decrease in the number of Americans filing for unemployment benefits, reaching a pandemic low of 473,000. This decline, down 34,000 from the previous week, suggests a trend of fewer job cuts as consumer spending increases and more businesses reopen. Jobless claims have notably dropped from a peak of 900,000 in January. However, instead of layoffs, many employers now face challenges in attracting sufficient applicants for their open positions.

This article originally appeared on apnews.com. Use this link to see the full article: US jobless claims fall to 473K as more GOP governors bar aid