The number of Americans filing new unemployment claims dropped to 553,000 last week as the economy continues to recover from the coronavirus pandemic, according to the Department of Labor.
The Bureau of Labor and Statistics figure released Thursday represented a decrease in the number of new jobless claims compared to the week ending April 17, when 566,000 new jobless claims were reported. That number was revised up from the 547,000 jobless claims initially reported last week.
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