Jobs
US Unemployment Claims Drop to Lowest Level in Three Weeks
- Applications for jobless benefits fell to 192,000 last week
- Continuing claims decreased 37,000, the most since December
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US claims for unemployment benefits unexpectedly fell to the lowest in three weeks, signaling unrelenting tightness in the labor market.
Initial unemployment claims decreased by 3,000 to 192,000 in the week ended Feb. 18, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 200,000 applications.