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US Jobless claims hit pandemic-era low as hiring continues even with rising Covid cases
New jobless-claim filings last week reached their lowest level of the pandemic crisis, providing a sign that hiring is continuing if at a slower pace. First-time claims for unemployment benefits totaled 712,000 last week, compared with 787,000 a week earlier and the Dow Jones estimate of 780,000, the Labor Department reported Thursday. That marked a decrease from the upwardly revised level of 787,000 a week earlier. The jobs market has demonstrated resilience even in the face of the new wave of Covid-19 cases. Claims are off their peak of 6.9 million in late March but remain well above the pre-pandemic record. ... (full story)