Braking Down The News

U.S. Jobless Claims Fell Last Week

Applications for unemployment benefits have declined since August as the labor market remains strong

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U.S. applications for unemployment benefits declined for the fifth consecutive week as employers held on to their workers in a persistently tight labor market.

Initial jobless claims, a proxy for layoffs, fell to a seasonally adjusted 213,000 last week from a revised 218,000 the previous week, the Labor Department said Thursday. Claims have declined since August after rising earlier in the summer.

 

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