Labor Dept: Jobless Claims Fall For Third Straight Week

CNBC reports:

Initial jobless claims declined for the third consecutive week as the U.S. labor market continued its recovery from last year’s recession.

New claims for jobless benefits totaled 375,000 last week, the Labor Department said Thursday, matching estimates from economists surveyed by Dow Jones. The reading for the previous week was revised upward by 2,000 to 387,000 claims.

The latest jobless claims report, which reflects the first week of August, came a week after the July jobs report showed a bigger-than-expects gain in employment. There were also a record high number of open jobs at the end of July.

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