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U.S. Jobless Claims Fell to 215,000, Remaining Near Historic Lows
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New applications for unemployment benefits edged lower and remained near historically low levels as the labor market stays tight following a decline in Covid-19 cases.
Initial jobless claims, a proxy for layoffs, fell by 18,000 to a seasonally-adjusted 215,000 for the week ended Feb. 26, down from the revised 233,000 the week before, the Labor Department said Thursday. The four-week average, which smooths out volatility, fell to 230,500.
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