Another 1.31 million Americans filed initial unemployment claims last week, the Department of Labor said on Thursday.
This number of new claims was slightly less than economists expected, as experts were projecting there would be about 1.39 million claims, CNBC reports. Last week, the number of new jobless claims was a bit more than economists expected, topping 1.4 million. This news on Thursday somewhat lessened "concerns of a renewed downturn in the labor market," Bloomberg writes.
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