US weekly jobless claims decline more than expected

Source: Reuters

“The number of Americans filing new applications for unemployment benefits fell more than expected last week, pointing to low layoffs though job opportunities are becoming scarce for those who are out of work. Initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 207,000 for the week ended Jan. 25, the Labor Department said on Thursday. Economists polled by Reuters had forecast 220,000 claims for the latest week.” (01/30/25)

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