WASHINGTON -- Initial jobless claims dropped for the fourth straight week after spiking because of the partial federal government shutdown, the Labor Department said Thursday.
About 336,000 people filed for unemployment benefits for the first time last week, down from an upwardly revised 345,000 the previous week. The drop was in line with analyst expectations.
The less-volatile four-week average fell to 348,250, down 9,250 from the previous week.
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