U.S. Jobless Claims Fell to Five-Year Low Over Past Month
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The fewest workers in more than five years applied for U.S. unemployment benefits over the past month, indicating the labor market continues to improve.
The number of claims in the month ended Aug. 17 declined to 330,500 a week on average, the least since November 2007, a Labor Department report showed today in Washington. Compared with a week earlier, claims rose by 13,000 to 336,000, in line with the median forecast of 48 economists surveyed by Bloomberg.