Jobs
US Recurring Jobless Claims Fall in Holiday Week After Big Jump
- Continuing claims dropped by 64,000 in Thanksgiving week
- Four-week moving average is still the highest in two years
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Continuing applications for US jobless benefits fell by the most since July in a holiday week after climbing for the past two months.
Recurring jobless claims, a proxy for the number of people continuously receiving unemployment benefits, decreased by 64,000 to 1.86 million in the week ended Nov. 25. That marked only the second drop since early September and followed a surge in the prior week.