U.S. Initial Unemployment Claims Drop for Fourth Straight Week
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Applications for U.S. state unemployment benefits dropped for a fourth consecutive week, a trend that suggests labor market conditions are improving as the economy recovers.
Initial unemployment claims in regular state programs dropped 29,000 to 348,000 in the week ended Aug. 14, a pandemic low, Labor Department data showed Thursday. Economists in a Bloomberg survey had called for a decline to 364,000.