The number of Americans filing first-time jobless claims has sharply fallen, remaining historically high but coming in under expectations.
The Labor Department said Thursday that 730,000 Americans filed new jobless claims last week, a decline of 111,000 claims from the revised level of the week before. The previous week's number of claims was revised down by 20,000, the Labor Department said. Economists were expecting about 845,000 jobless claims to be filed last week, CNBC reports.
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