Jobless Claims in U.S. Decline to Lowest Level in a Month
U.S. Economic Data: What Does It Mean to Investors?
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Applications for unemployment benefits fell more than forecast last week as claims moved closer to a four-decade low that shows a resilient labor market.
First-time jobless claims dropped by 12,000 in the week ended Nov. 21 to 260,000, the fewest in a month, a Labor Department report showed Wednesday. The number of claims reached 255,000 in mid-July, the lowest since December 1973.