Roundup: US unemployment / Post-pandemic economy / US crude prices

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    Healthy market: The number of Americans filing new applications for unemployment benefits dropped to a four-month low last week, suggesting that the labor market remains fairly healthy. Read more from Reuters. 

    Rebound: The U.S. economy bounced back from the pandemic in stronger shape than previously estimated, spurred mainly by bigger consumer-driven growth fueled by robust incomes, according to revised government data. Read more from Bloomberg. A subscription may be required. 

    Market pressures: U.S. crude oil prices fell nearly 3% on Thursday on a report that Saudi Arabia is committed to pressing ahead with production increases later this year. Saudi Arabia is prepared to ditch its unofficial oil price target of $100 per barrel, people familiar with the kingdom’s thinking told The Financial Times. Read more from CNBC.