• The US Department of Labor said yesterday that "the number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers are cutting jobs as consumers ramp up spending and more businesses reopen." The Associated Press writes that "Thursday’s report from the Labor Department showed that applications declined 34,000 from a revised 507,000 a week earlier. The number of weekly jobless claims - a rough measure of the pace of layoffs - has fallen significantly from a peak of 900,000 in January."
The decline is the fourth in the past five weeks.
• Business Insider reports that Chick-fil-A is testing the chicken wing business, opening up a virtual kitchen that is selling wings, roasted chicken, and salads, under the name Little Blue Menu.