The number of initial jobless claims in the United States recorded 406000 in the week to May 22, the fifth consecutive week of decline and the lowest since the week of March 14, 2020.
Greg:, an analyst at financial website Forexlive, expects the number of first-time jobless claims to fall sharply when COVID-19 's unemployment benefits expire in September, as those who currently choose to receive government aid instead of going to work will return to work.