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US Jobless Claims Fall in Sign Labor Market Is Near Full Strength

The number of Americans filing for unemployment benefits fell last week, holding well below a level associated with labor market strength. Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 265,000 for the week ended Dec. 24, the Labor Department said on Thursday. The department said in a statement there were no special factors affecting claims last week although estimating the data can be more difficult around holiday periods. The department said...

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