{video} The number of individuals filing first-time claims for state unemployment benefits fell sharply last week, with a total of 730,000 new claims for the week ended Feb. 20, the Department of Labor reported. The unemployment rate has also been falling, dropping to 6.3% in January. Signs of improvement in the labor market may create the appearance that the economy is gaining strength amid increasing vaccinations for Covid-19. Experts warn, however, that focusing on only one metric — like the headline unemployment rate — won’t tell the whole story. “It doesn’t tell you what the pain is in the labor market ... (full story)