Jobs
Initial Unemployment Claims in US Decline by Most Since June
- Applications fell by 24,000 last week, Labor Department said
- Continuing claims decreased for the first time in two months
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Applications for initial US jobless benefits fell by the most since June, suggesting employers are still holding on to workers in a gradually cooling labor market.
Initial claims plunged by 24,000 to 209,000 in the week ending Nov. 18, according to Labor Department data out Wednesday. That was below all estimates in a Bloomberg survey of economists.