(WASHINGTON EXAMINER) -- The number of new jobless claims last week was 1.3 million, the Labor Department reported Thursday, which marks the 17th straight week that claims have exceeded 1 million.
Economists projected that 1.25 million jobs were lost last week.
The Labor Department report shows that while jobless claims have dropped from their all-time high of 6.9 million for the week ending March 28, they have plateaued to be between 1 million and 2 million for the past seven weeks. That could change.
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