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US jobless claims slide more than expected to pandemic-era low of 348,000

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The number of Americans filing for unemployment insurance dropped to a new pandemic-era low last week as the latest surge in virus cases did little to dent the labor market’s rebound.

Weekly jobless claims totaled an unadjusted 348,000 last week, the Labor Department said Thursday. Economists surveyed by Bloomberg expected claims to drop to 363,000. The print marked a fourth straight decline and places claims at their lowest level since March 14, 2020.

The prior week’s total was revised to 377,000 from 375,000.

Continuing claims, which track Americans receiving UI payments, dropped to 2.82 million for the week that details ⇒

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