Fewer Americans filed for unemployment insurance last week, confirming the health of the labor market's recovery following a stellar jobs report.
US jobless claims totaled an unadjusted 375,000 last week, the Labor Department said Thursday. That matched the median estimate from economists surveyed by Bloomberg and marked a third straight decline for weekly claims.Continuing claims, which track Americans receiving unemployment benefits, declined to 2.87 million for the week that ended July 31. That beat the median estimate for 2.9 million continuing claims and set a new pandemic-era low for continuing claims.
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