US unemployment claims fall to a pandemic low of 498,000
May 06, 2021 48 secs

Pointing to the $300-a-week federal jobless check that was included in a $1.9 trillion rescue package enacted in March, some employers have complained that some unemployed people can receive more money from jobless aid than from a job.

Other states are ending a pandemic-era exemption to long-standing rules that required aid recipients to show that they were looking for jobs in order to keep receiving unemployment.

Andrew Stettner, a senior fellow at the Century Foundation, disputed the notion that unemployment benefits are dissuading many people from taking jobs.

In March, employers added nearly 1 million jobs, the most since August.

The government’s report Thursday showed that about 16.2 million people were continuing to collect unemployment benefits in the week that ended April 17, down from 16.6 million in the previous week.

Analysts have forecast that when the monthly jobs report is released Friday, it will show that the economy added 975,000 jobs in April, according to data provider FactSet, and that the unemployment rate fell from 6% to 5.8%

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