In new pandemic low, unemployment numbers fall to 498,000

The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market’s growing strength as businesses reopen and consumers step up spending.

Hollywood's Magic Castle set to reopen May 21

Hollywood's Magic Castle, the world-famous private clubhouse for magicians, will reopen on May 21 after being closed for more than a year because of the coronavirus pandemic, The Academy of Magical Arts announced Tuesday.

Unemployment claims fall to 553,000

The number of Americans applying for unemployment benefits dropped by 13,000 last week to 553,000, the lowest level since the pandemic hit last March and another sign the economy is recovering from the coronavirus recession.

US economy grew at a robust 6.4% rate last quarter

The U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession.