The number of Americans filing new jobless claims has again declined unexpectedly while remaining historically high.
The Labor Department on Thursday said 787,000 Americans filed new jobless claims last week, down 19,000 from the revised level of the week before. This was the second consecutive week that the number of new jobless claims declined unexpectedly, as economists were anticipating the number of claims would climb to 828,000, CNBC reports. Bloomberg notes, however, that the "figures are often volatile around holidays."
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