Jobless claims tumble in another sign the labor market is getting closer to pre-pandemic levels

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U.S. weekly jobless claims total 498,000, vs 527,000 estimate

The U.S. employment picture improved sharply last week, with first-time claims for unemployment insurance hitting a fresh pandemic-era low.

Though the pace has eased lately, the U.S. is still vaccinating more than 2 million people a day and soon will have half the population with at least one shot.

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