U.S. Economic News

May 6, 2021

U.S. Economic Indicators

Initial jobless claims fell 92,000 to 498,000 last week. The four-week moving average decreased 61,000 to 560,000. DOL Report

Nonfarm business sector labor productivity increased 5.4% in Q1. Hours worked increased 2.9% while output increased 8.4%; unit labor costs fell 0.3%. BLS Report