US initial jobless claims drop more than expected

Source: Investing.com
© Reuters
The number of Americans filing for unemployment aid for the first time during the week ended June 18 dropped to 259,000, following the unrevised 277,000 claims seen in the previous seven days and surpassing the 270,000 market forecast, the Department of Labour said on Thursday. This marks 68 consecutive weeks of initial claims below 300,000.
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