US jobless claims fall to pandemic low; UK factory output strengthens – as it happened
UK factory output growth fastest since 2018
The US jobs recovery has taken another step forward, with the smallest increase in new unemployment claims since the pandemic. Around 444,000 initial claims were filed last week, which economists said showed the labor market continued to pick up.
British firms are looking to hire more staff, with online job adverts rising last week - including a pick-up at hospitality firms as restrictions are lifted.
Barclaycard reported a surge in spending at British pubs and restaurants last week too.