Economics
U.S. Jobless Claims Fell by More Than Forecast Last Week to 223,000
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Applications for U.S. state unemployment insurance fell for a third week as Covid-19 cases continue to drop, solidifying the labor market’s strength after an omicron-induced spike in claims.
Initial unemployment claims decreased by 16,000 to 223,000 in the week ended Feb. 5, Labor Department data showed Thursday. The median estimate called for 230,000 applications in a Bloomberg survey of economists.