Weekly Jobless Claims Total 547k Vs. 603k Expected

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The plod­ding 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, which was below the Dow Jones esti­mate for 603,000.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.With Covid-19 cas­es declin­ing and more states relax­ing busi­ness restric­tions, com­pa­nies again are look­ing to hire ahead of what is expect­ed to be a sum­mer of close-to-nor­mal activ­i­ty across the U.S.Still, there remain about 8 …

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