The good news is the job market isn’t deteriorating quite as badly in May as it did in April. But actual improvement will have to wait. The Labor Department on Thursday reported that a seasonally adjusted 2.4 million U.S. workers filed new claims for jobless benefits in the week ended last Saturday. That is down from 2.7 million a week earlier and the fewest since mid-March, before the Covid-19 crisis took hold. It is still a figure that at any other time would make economists blanch—but it does suggest that the May employment...

Source: Wall Street Journal May 21, 2020 16:21 UTC