Catherwood LibraryILR School

The U.S. jobs market recovery accelerated its pace last week as fewer Americans headed to the unemployment line. First-time claims for unemployment insurance totaled 547,000. The number was well below the Dow Jones estimate of 603,000 first-time claims. Additionally, the total recorded a new low for the covid-19 pandemic era. With Covid 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.