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- US unemployment claims continue to decline
US unemployment claims continue to decline
According to Bloomberg, filings for U.S. unemployment benefits fell last week almost to the lowest level since 1973, as employers show scant willingness to fire workers amid a tightening labor market.
Jobless claims dropped by 5,000 to 249,000 in the week ended Oct. 1, a Labor Department report showed Thursday in Washington. The median forecast in a Bloomberg survey called for 256,000. Continuing claims declined to the lowest level since 2000.
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