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United States unemployment claims fall to pandemic low of 498,000

Last week, the United States unemployment dropped significantly to 498,000 individuals, which is the lowest number recorded since the start of the COVID-19 Pandemic. 

This is a sign that things are starting to look up in the job market, and employment is becoming more available as businesses and companies start to open up. On the Thursday report from the US’s Labor Department, it shows 92,000 from a revised 590,000 number from the week before. It is thought that as vaccinations start to become more available to the general public, jobs will start to replenish because of the opening economy.

There is also the theory that the reason unemployment rates are so low, is because of the benefits that come with collecting it. According to Andrew Stettner, a member of the Century Foundation “It will take many months of economic recovery, vaccine progress and rebuilding of the child care infrastructure before (many unemployed) are able to find suitable work, Until then, enhanced unemployment benefits will not only sustain jobless families, but continue to power a robust recovery through greater consumer spending.” Hopefully as jobs start to become more abundant, more people will move to get jobs.

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ARTICLE: ISABELLA FLORES

POLITICS EDITOR: CARSON CHOATE

PHOTO CREDITS: THE WASHINGTON POST

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