Jobless claims drop to 7-week low in Tennessee and more business news

Photo by Dave Flessner / Taco Bell is among local employers looking to hire more workers.

Jobless claims drop to 7-week low in state

Initial claims for unemployment fell last week to the lowest level in seven weeks in Tennessee, although the level remains elevated by historic standards.

The Tennessee Department of Labor and Workforce Development said Thursday that 9,498 Tennesseans filed new claims for jobless benefits last week, including 400 newly laid-off workers in Hamilton County and another 170 newly unemployed persons in Bradley County.

Nationwide, there was a similar drop in the number of Americans seeking unemployment benefits, dropping by 21,000 from the previous week to 793,000.

The numbers point to a still-elevated number of layoffs. Before the virus erupted in the United States in March, weekly applications for jobless aid had never topped 700,000, even during the Great Recession.

"There's no real relief from unrelenting jobless claims when one looks at the broader picture," said Mark Hamrick, senior economic analyst for Bankrate."The