New US weekly jobless claims fall to 751,000

Washington (AFP) – New applications for US jobless benefits fell for a second straight week last week, the Labor Department said on Thursday, as the world’s largest economy continues to recover from the coronavirus downturn.The better-than-expected 751,000 new seasonally adjusted claims filed in the week ended October 24 were 40,000 below the previous week’s upwardly revised result and the lowest since business shutdowns sent claims spiking in March, indicating renewed downward momentum in the unemployment indicator.However, the figure was still above the worst single week of claims seen durin…

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