U.S. Sees Fewest Weekly Jobless Claims Since Start Of Pandemic

US jobless claims fell to 684,000, the lowest since the pandemic began, marking a significant drop of nearly 100,000 from the previous week. This is the first time claims have fallen below 700,000 since last March, indicating an improving labor market. However, nearly 19 million people are still collecting jobless benefits.

When was the last time weekly applications for jobless aid fell below 700,000?

How many people are still collecting jobless benefits despite the drop in applications?