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US weekly jobless claims tumble to 684,000, their lowest point since skyrocketing one year ago


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The number of Americans filing for unemployment benefits declined last week to the lowest level since the unemployment crisis began one year earlier.

New jobless claims totaled an unadjusted 684,000 for the week that ended Saturday, according to the Labor Department. That compares to the median estimate of 730,000 filings from economists surveyed by Bloomberg.

The previous week’s reading was revised higher to 781,000. Initial claims have fluctuated around 750,000 for weeks as the labor market struggles to continue recovering. They’re roughly triple the amount seen before the health crisis. For reference, 665,000 filings were made details ⇒

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