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U.S. jobless claims decline

The number of people applying for unemployment benefits in the country decreased by 20,000 last week.

The number of first-time applications for unemployment benefits in the US fell to 211,000 in the week ending December 10, falling to a two-month low.

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The US Department of Labor has released data on weekly jobless claims.

Accordingly, in the week ending December 10, the number of people claiming unemployment benefits for the first time in the country decreased by 20 thousand compared to the previous week and fell to 211,000.

Unemployment benefit applications, which fell to the lowest level since the end of September, declining beyond the market expectations, were expected to be realized at the level of 230 thousand in this period.

The previous week’s data on unemployment benefits applications was revised from 230 thousand to 231 thousand.

 

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As of last week, 4-week average unemployment benefits applications decreased by 3 thousand compared to the previous week and decreased to 227 thousand 250.

On the other hand, ongoing unemployment applications increased by 1,000 people in the week ending December 3 to reach 1 million 671 thousand.

Analysts interpreted the decline in unemployment claims as another sign of resilience in the labor market at a time when the economy is weakening.

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