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The number of Americans filing for unemployment insurance dropped last week as COVID-19 cases fell and Democrats pushed for a near-term stimulus deal.

New US jobless claims reached an unadjusted 779,000 for the week that ended Saturday, the Labor Department said Tuesday. That came in below the consensus estimate of 830,000 from economists surveyed by Bloomberg.

The previous week’s reading was revised lower to 812,000 from 847,000. Thursday’s data marks a third straight decline in weekly claims counts.

Continuing claims, which track Americans receiving unemployment benefits, slipped to 4.6 million for the week that ended January 23. details ⇒

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