The number of Americans filing new jobless claims has declined to less than 800,000 for the first time in seven months.
The Labor Department on Thursday said that 787,000 Americans filed new jobless claims last week, a decline of 55,000 from the previous week's revised level. This was significantly below the 875,000 claims economists had been expecting, CNBC reports. It's also the first time since the middle of March that the number of claims has been below 800,000, CNN notes.
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