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US weekly jobless claims unexpectedly drop to pandemic-era low of 547,000

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Fewer Americans filed for unemployment benefits last week as hiring picked up amid the reopening of the economy.

New US jobless claims reached an unadjusted 547,000 last week, the Labor Department said Thursday morning. Economists surveyed by Bloomberg expected a jump to 610,000 claims that week. The reading marks a second straight decline and places claims at their lowest level since March 2020.

The previous week’s reading was revised slightly higher to 586,000.

“This dip in jobless claims looks good in isolation but what really matters is that it confirms that last week’s unexpected plunge was no fluke,” details ⇒

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