USA news live updates: US jobless claims drop seventh straight week to 268,000 – Times of India

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Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 268,000 for the week ended Nov. 13, the Labor Department said on Thursday.

The number of Americans filing new claims for unemployment benefits fell close to pre-pandemic levels last week as the labor market recovery gains momentum, though a shortage of workers continues to hamper faster job gains.

US jobless claims drop seventh straight week to 268,000