US jobless data declines, employers report lowest job cuts in 2 decades

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US jobless data declines, employers report lowest job cuts in 2 decades

timestampMay 07, 2021 authorAlShorts Web Desk

The jobless data in US saw a remarkable decline last week, hinting towards labour market recovery giving a necessary push to boost the economy. Since the pandemic started, it was the first time when the number of Americans filing for unemployment benefits dropped below 500,000. The job data supported the report, as US-based firms announced the lowest job cuts in April in nearly two decades.

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