 "jobs, employment, companies, corporate, people")
The number of Americans filing new claims for unemployment benefits fell to a 17-month low last week, pointing to another month of robust job growth, though surging COVID-19 infections pose a risk to the labor market recovery.
Initial claims for state unemployment benefits fell 29,000 to a seasonally adjusted 348,000 for the week ended Aug. 14, the Labor Department said on Thursday. The fourth straight weekly decline pushed claims to their lowest level since mid-March 2020, when mandatory shutdowns of nonessential businesses were enforced to slow the first wave of coronavirus cases.
Economists polled by Reuters had forecast 363,000 applications
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