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Saturday, Mar 2, 2024

New jobless claims drop

WASHINGTON — The number of newly laid-off workers requesting unemployment insurance dropped slightly last week after spiking due to auto layoffs, while continuing jobless claims inched closer to 7 million. The Labor Department said Thursday that initial claims for jobless benefits fell to a seasonally adjusted 631,000, down from a revised figure of 643,000 the previous week. That nearly matched analysts’ expectations of 630,000 new claims. For the full story click here

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