Economics
U.S. Jobless Claims Decline After California Resumes Reporting
- Initial filings for benefits fall for third time in four weeks
- Americans on extended benefits rise in sign of economic pain
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The number of Americans filing for unemployment benefits fell for the third time in four weeks, suggesting the labor market is still gradually recovering while remaining far from its pre-pandemic health.
The progress last week was broad-based across states and California resumed reporting after a pause, offering figures that improved the overall jobs picture.