- First-time claims for unemployment insurance totaled 547,000 last week, below the 603,000 Dow Jones estimate.
- The total represented a pandemic-era low and was better than the previous week’s 576,000.
- Continuing claims fell by 34,000 to 3.67 million.
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.