Jobless Claims in U.S. Were Little Changed Near Four-Decade Low
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Applications for unemployment benefits in the U.S. were little changed last week, hovering close to four-decade lows and showing steady progress in the labor market.
Jobless claims increased by 1,000 to 260,000 in the week ended Oct. 24, less than the median forecast in a Bloomberg survey, a Labor Department report showed Thursday. The four-week average of applications dropped to the lowest level since December 1973, while the number of Americans on benefit rolls shrank.