U.S. weekly jobless claims drop to nine-month low; productivity gains speed

on Feb 03, 2023 12:07:AM

 The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week as the labor market remains resilient despite higher borrowing costs and mounting fears of a recession this year. The surprise decline in weekly jobless claims reported by the Labor Department on Thursday raised cautious optimism that the economy […]

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