New unemployment claims drop for seventh straight week
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New Hampshire last week recorded its seventh straight weekly decline in the number of initial jobless claims.
There were 6,973 first-time filers — more than the population of Plymouth — for the week ending May 23, according to the U.S. Department of Labor on Thursday, down from the revised 8,794 for the previous week.
“It is encouraging to see the number of new claims for unemployment benefits continuing to drop in New Hampshire as more of the state’s economy opens up in the wake of the COVID-19 pandemic,” said Laconia economist Russ Thibeault. “We probably have a month or two of a rising unemployment rate because the data is lagging the improving New Hampshire economy. We’re beginning to see light at the end of the tunnel.”