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Jobless claims drop to 751,000, a new post-pandemic low

By Jay Heflin
Published October 29, 2020 12:40pm ET
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Jobless claims drop to 751,000, a new post-pandemic low
FILE - In this Wednesday, May 18, 2016, file photo, a woman passes a "We're Hiring!" sign while entering a clothing store in the Downtown Crossing of Boston. On Wednesday, Sept. 7, 2016, the Labor Department reports on job openings and labor turnover for July. | (Charles Krupa/AP)

The number of new applications for unemployment benefits dropped to 751,000 last week, the Labor Department reported on Thursday, down from 791,000 and a new low since the beginning of the pandemic.

Economists expected claims to total 770,000 last week.

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COVID-19 Department of Labor Jobs Labor Unemployment