U.S. weekly jobless claims drop to 52-year low; Q3 growth revised slightly up

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WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell to their lowest level since 1969 last week, pointing to sustained strength in the economy as a year marked by shortages and an unending pandemic winds down. Initial claims for state unemployment benefits tumbled 71,000 to a seasonally adjusted 199,000 for the week ended Nov. 20, the Labor Department said on Wednesday. That was the lowest level since mid-November 1969. Economists polled by Reuters had forecast 260,000 applications for the latest week. Claims have been declining since October, though …

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