Goldman Says U.S. Jobs Market Showing Early Signs of Recovery

Stylists work behind plastic dividers at a hair salon in Arlington, Virginia.

Photographer: Andrew Harrer/Bloomberg
Lock
This article is for subscribers only.

The U.S. labor market is showing the earliest signs of recovery, according to Goldman Sachs Group Inc.

A drop in continued jobless claims, especially in states that reopened earlier than others, suggests rehiring by businesses may be starting to turn the tide, analysts led by New York-based economist Jan Hatzius wrote in a report to clients Sunday.