US weekly jobless claims drop to near 49-year low
Published September 13, 2018U.S. EconomyReuters
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WASHINGTON, Sept 13 (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in nearly 49 years and pointing to robust labor market conditions.
Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 204,000 for the week ended Sept. 8, the lowest level since December 1969, the Labor Department said on Thursday. Data for the prior week was revised to show 2,000 more applications received than previously reported.
Economists polled by Reuters had forecast claims rising to 210,000 in the latest week. The claims data covered last Monday's Labor Day holiday. Claims tend to be volatile around public holidays.
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