The number of U.S. workers seeking unemployment benefits last week fell by 40,000 to the lowest level since March, when the outbreak of the CCP (Chinese Communist Party) virus delivered a colossal blow to the economy.
A report from the Labor Department on Thursday (pdf) showed 751,000 people filed for state unemployment benefits in the week ending Oct. 24, a drop from 791,000 noted in the previous week. Weekly jobless claims hit a record 6.867 million in March and, aside from several upticks, have fallen ever since. Still, they remain above their 665,000 peak seen during the 2007–09 Great Recession.
