Jobless claims under pre-pandemic peak for first time

Last week's initial jobless claims figure was unexpectedly low at 684,000 versus expectations for 730,000 and 781,000 the prior week. While this is just one week's numbers, it is the first time that claims have been under the pre-pandemic peak since the US economy shut down a year ago. I see it as further evidence of the reverse radical recovery still b…

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