By Jeff Cox
July 1, 2021
Initial filings for unemployment insurance fell sharply last week, indicating continued improvement in the U.S. jobs market, the Labor Department reported Thursday.
First-time jobless claims totaled 364,000 for the week ended June 26, compared with the 390,000 Dow Jones estimate. That marked a new pandemic-era low and a decline of 51,000 from the previous week.
The last time there were fewer claims was the week of March 14, 2020, just before the worst of the economic damage hit.