U.S. unemployment claims drop to pandemic low of 360,000, but businesses still struggle to find workers
“New applications for unemployment benefits fell last week to a new pandemic low, as companies sought to hire more workers and avoid layoffs amid a robust U.S. economic recovery. Initial jobless claims fell by 26,000 to 360,000 in the seven days ended July 10, matching the forecast of economists polled by The Wall Street Journal. These are traditional benefits paid by the states.”