The pace of unemployment claims declined again last week south of the border, as the jobs market in that country continued its plodding recovery from the coronavirus pandemic.
U.S. Labor Department data showed Thursday initial claims totaled 1.54 million, compared to the 1.6 million expected from economists.
Though the total decelerated for the 10th straight week, it still represents a stunningly sharp exodus of workers to the unemployment line over the past three months.
Those collecting benefits stateside declined as well, totaling 20.9 million, compared to a downwardly revised 21.5 million a week ago and the crisis peak of 24.9 million during the week of May 9.
The report comes a week after the Bureau of Labor Statistics said that non-farm payrolls increased by 2.5 million in May, though reporting errors have cast some doubt about how widespread the recovery has been so far.
