Jobless claims fell to a new pandemic low as businesses held on to workers despite the surging Delta variant.
Initial jobless claims fell by 14,000 to a seasonally adjusted 340,000 in the week ended Aug. 28, the Labor Department said Thursday. That was the lowest level since the pandemic took hold in the U.S. in March 2020. The four-week moving average of claims, which smooths week-to-week volatility, fell to 355,000, also a pandemic low.
