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Jobless Claims in U.S. Decline to Near Lowest Level Since 1973
Filings for U.S. unemployment benefits fell last week almost to the lowest level since 1973, as employers show scant willingness to fire workers amid a tightening labor market. Jobless claims dropped by 5,000 to 249,000 in the week ended Oct. 1, a Labor Department report showed Thursday in Washington. The median forecast in a Bloomberg survey called for 256,000. Continuing claims declined to the lowest level since 2000. Filings were just a hair above the four-decade low of 248,000 from April, a sign of minimal layoffs ahead of Friday’s monthly employment report. Companies are going head-to-head in finding skilled ... (full story)
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