Jobless claims fall again as employment picture gains strength


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…


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