Pres. Biden reacts after unemployment claims drop to a pandemic low: “We are seeing real results, and the American economy is on the move again.”
U.S. Labor Secretary Marty Walsh joins"GMA" to discuss recruiting employees.WASHINGTON -- The number of Americans seeking unemployment benefits fell last week to 310,000, a pandemic low and a sign that the surge in COVID-19 cases caused by the delta variant has yet to lead to widespread layoffs.
Still, the ongoing drop in applications for unemployment aid — six declines in the past seven weeks — indicates that most companies are holding onto their workers despite the slowdown. That trend should help sustain the economic rebound through the current wave of infections. The steady fall in weekly applications for unemployment benefits coincides with a scaling-back of aid for jobless Americans. This week, more than 8 million people lost all their unemployment benefits with the expiration of two federal programs that covered gig workers and people who have been jobless for more than six months. Those emergency programs were created in March 2020, when the pandemic first tore through the economy.
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