Jobless Claims in U.S. Declined More Than Forecast Last Week
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Fewer Americans than forecast applied for unemployment benefits last week, a sign the U.S. job market is making progress as the world’s largest economy grows.
Jobless claims fell by 14,000 to 298,000 in the week ended Aug. 16, a Labor Department report showed today in Washington. The median forecast of 46 economists surveyed by Bloomberg called for 303,000. Continuing claims fell to the lowest level in more than seven years.