Posted on

The labor market is heating up as fewer people seek unemployment benefits



Share

In an aerial view, workers with the San Francisco Department of Public Works repave a section of 24th Avenue on April 08, 2021 in San Francisco, California.Justin Sullivan | Getty ImagesWeekly unemployment claims fell to a new pandemic-era low for a second week, suggesting the labor market’s recovery is picking up steam and that the April employment report could be strong.First-time claims totaled 547,000 for the week ending April 17, about 50,000 lower than forecast. The week is also the same one in which the government collects data for the April employment report.”In general, I do think it’s consistent with a strengthening in …

Read More