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MNI BRIEF: US Weekly Jobless Claims Fall to Post-Pandemic Low

WASHINGTON (MNI)

U.S. weekly jobless claims fell by 97,000 to a post-pandemic low of 648,000 in the latest week, the Labor Department said Thursday, although claims remain more than three times above their pre-Covid-levels.

The persistently elevated level of claims is one reason Fed officials, including Chair Powell, have been reluctant to refine their guidance that "substantial further progress" is needed before reducing the pace of 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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