Unemployment claims declined to the lowest level since the pandemic struck last spring, adding to signs the U.S. economic revival is picking up speed.That is the lowest weekly figure since March 2020, but still way above the levels of around 220,000 that prevailed early last year, before the coronavirus pandemic hit the U.S. economy.
“The labor market is on a recovery path,” said AnnElizabeth Konkel, economist at the job site Indeed. “The recovery is 100% tied to the public health situation,” she added. The economy is showing signs of improvement as vaccination rates power consumer spending, governments relax restrictions on businesses, and households and federal-stimulus funds flow through the economy.
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ThanksJoe
Oh great news. This crazy stock market will drop another 5 percent 🤪
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