America’s job market is probably still recovering—just not as swiftly as some investors thought. The Labor Department on Thursday reported that the number of people filing new unemployment-insurance claims in the week ended this past Saturday came to a seasonally adjusted 1.5 million, a drop of just 58,000 from a week earlier. An additional 760,526 claims, unadjusted for seasonal swings, were filed for the pandemic unemployment-assistance program that has been set up for self-employed and gig-economy workers, up from 694,463...

Source: Wall Street Journal June 18, 2020 15:22 UTC