The Department of Labor released its report on new jobless claims on Thursday that new claims for jobless benefits fell to their lowest weekly level in the last year, a sign that the faster rollout of vaccines and the passage of a $1.9 trillion relief package are having an effect. As the job market shows signs of life, economists are lifting their forecasts for U.S. economic growth. President Joe Biden said at a news conference, We are starting to get new signs of hope in our economy We still have a lot of work to do. I can say to the American people, help is here, and hope is on the way.