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US unemployment claims drop seventh straight week to 268,000

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WASHINGTON - The number of Americans applying for unemployment benefits fell for the seventh straight week to a pandemic low of 268,000.U.S.

jobless claims dipped by 1,000 last week from the week before, the Labor Department reported Thursday.The applications for unemployment aid are a proxy for layoffs, and their steady decline this year — after topping 900,000 one week in early January — reflects the labor market's strong recovery from last year's brief but intense coronavirus recession.

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