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MNI BRIEF: U.S. Jobless Claims Hit Post-Covid Low of 360,000

(MNI) WASHINGTON
(MNI) Washington

U.S. jobless claims fell to 360,000 in the latest week, their lowest level post-pandemic and the sign of a job market that is gradually recovering but still has room for improvement, data released by the Bureau of Labor Statistics Thursday showed.

Fed Chair Jerome Powell stressed in testimony Wednesday the central bank is still some way from declaring "substantial further progress" has been achieved in employment, the Fed's criteria for tapering QE.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
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MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
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