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The number of American workers filing weekly jobless claims—a proxy for layoffs—have declined for the third straight week, pointing to further firming of an already tight labor market.

Very low Triad jobless rate doesnt necessarily draw celebratory tone during pandemic

Municipals were stronger again on the day, though, and new-issues were repriced to lower yields.

The economy crushed expectations in January and added 467,000 jobs, a surprising and encouraging sign that the labor market pulled through the omicron surge relatively unscathed.

Buyers appeared to return to the market the past two sessions after the January correction moved yields and ratios higher. Secondary trading was up again on Wednesday and new deals were well-received.

The Labor Department said Thursday that 238,000 Americans filed for unemployment benefits last week.

The number of new applications for unemployment benefits fell 23,000 last week to 238,000, less than expected.

A Labor Department report on Feb. 3, showed that the number of Americans filing new weekly jobless claims ...

Happy Thursday and welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line.

The number of new applications for unemployment benefits fell 30,000 last week to 260,000, in line with expectations and a sign that the omicron variants damage to the labor market is limited.