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U.S. Jobless Claims Extend Gradual Decline, Remain Elevated

  • Filings for state benefits fell to 1.54 million last week
  • Continuing claims dropped by less than analysts forecast
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U.S. Jobless Claims Gradually Ease
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Applications for U.S. unemployment benefits extended their slow decline despite a stream of business reopenings, underscoring the longer-term labor-market challenges caused by the coronavirus pandemic.

Initial jobless claims for regular state programs totaled 1.54 million in the week ended June 6, down from 1.9 million in the prior week, Labor Department figures showed Thursday. Applications for unemployment insurance have fallen consistently each week since peaking at the end of March, but the volume of weekly filings is still more than double the worst week during the Great Recession.