The U.S. jobs market recovery accelerated its pace last week as fewer Americans headed to the unemployment line, the Labor Department reported Thursday.

First-time claims for unemployment insurance totaled 547,000, which was below the Dow Jones estimate for 603,000 and a new low for the Covid-19 pandemic era.

The total represented a further decline in claims and gets the jobs picture closer to where it was pre-pandemic, though there’s still plenty of distance to cover.

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