New claims for US jobless benefits fell for the first time in three weeks, the government said Thursday amid persistent concerns that unemployment may dampen recovery.
Claims fell to 457,000 in the week ending June 19, a decrease of 19,000 from the previous week’s revised figure of 476,000, the Labor Department said.
Most economists had expected claims to fall to 460,000.
Once again, another story with one missing fact. Congress has not extended unemployment benefits, so those people who are on unemployment cannot get it if they have reached the end of their existing tier. In other words, many people cannot get it so they stopped filing. Oops!
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