First-time jobless claims unexpectedly fell last week and the number of Americans already receiving benefits tumbled to an almost 16-year low, consistent with a healthy labor market.
Applications to collect unemployment insurance dropped by 4,000 to 264,000 in the period ended June 4, Labor Department data showed on Thursday. The median forecast in a Bloomberg survey called for 270,000. Continuing claims decreased to 2.1 million in the previous week, the lowest since October 200...
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