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After three consecutive weeks of unemployment claims that appeared to rise in tandem with omicron, fewer Americans applied for unemployment benefits for the second week in a row. Jobless claims fell by 23,000 to 238,000 last week, from 261,000 the previous week, the Labor Department reported Thursday. Jobless claims, a proxy for layoffs, had fallen mostly steadily for about a year and late last year dipped below the pre-pandemic average of around 220,000 a week.

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