The U.S. jobs market recovery accelerated its pace last week as fewer Americans headed to the unemployment line, the Labor Department reported Thursday.
First-time claims for unemployment insurance totaled 547,000, well below the Dow Jones estimate for 603,000 and a new low for the Covid-19 pandemic era.
The total represented a further decline in claims and gets the jobs picture closer to where it was pre-pandemic, though there’s still plenty of distance to cover.
Markets reacted little to the news, with stock futures pointing to a flat open and government bond yields mixed.
With Covid cases declining and more states relaxing business restrictions, companies again are looking to hire ahead…