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U.S. Weekly Jobless Claims Unexpectedly Fall to 1.19 Million, Lowest Level of Coronavirus Pandemic


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New claims for unemployment benefits declined by 249,000 to 1.186 million last week, data from the Department of Labor showed Thursday.

This is the 20th consecutive week of initial claims above 1 million but it was much better than expected. Economists had forecast 1.442 new claims, a slight increase from the previous week. The prior week was revised up by 1,000 to 1.435 million.

 

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