Initial claims for unemployment insurance fell to a new pandemic-era low last week, the Labor Department reported Thursday.
First-time filings for benefits totaled 360,000, in line with Dow Jones estimates and the best number since March 14, 2020.
The total represented a substantial decrease from the previous week’s upwardly revised 386,000.
Continuing claims, which run a week behind the headline number, also fell sharply, declining by 126,000 to 3.24 million. That also established a new low for a jobs market that still has some distance to go before getting back to its pre-Covid 19 self but has made significant strides.
Markets reacted little to the claims news, with stock market futures…