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Number of Americans seeking unemployment benefits fell to 473,000 last week, hitting new pandemic low Updated: 2021-05-14 06:15:57 KST

The number of Americans seeking unemployment benefits fell to 473-thousand last week, a new pandemic low with an on-week decline of 34-thousand.
The U.S. Labor Department says fewer employers are cutting jobs as consumers are spending more and more businesses re-open, as the U.S. economy steadily gets back on track.
In a separate report, the department said the country's producer price index for final demand rose point-six percent in April after surging one percent in March.
In the twelve months through April, the index has shot up six.two percent, the biggest on-year rise since related records began in 2010.
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