Another 3.2 million Americans filed for jobless claims last week, the Labor Department said Thursday.
The figure was more than the 3million projected for the week.
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Till date, 33.5 million have now filed for claims in seven weeks.
According to Business Insider, it’s the fifth week in a row that new unemployment-insurance claims have fallen.
This suggests that the worst of the shock to the labour market has passed.
But claims remain elevated at a level that dwarfs the largest week of job losses during the great recession, when 665,000 Americans filed for unemployment insurance.