business news in context, analysis with attitude

The Wall Street Journal reports this morning that "jobless claims reached their lowest level of the pandemic last week, as the U.S. economy’s revival picks up speed.

"Worker filings for unemployment benefits, a proxy for layoffs, fell to 684,000 last week from 781,000 a week earlier, the Labor Department said Thursday. Claims are now at the lowest point since mid-March of last year and below the pre-pandemic high of 695,000 … Widespread vaccinations, easing business restrictions and government stimulus are helping spur economic growth. Americans are spending more on in-person services such as restaurants, gyms, hotels and salons, that were battered by the coronavirus pandemic."