The Labor Department reported Thursday that 712,000 Americans filed for first-time jobless benefits in the week ended Nov. 28, down from a revised 787,000 claims the week earlier. Economists polled by FactSet had been expecting claims of 778,000.
Continuing claims, which are the number of people not just filing but staying on unemployment benefits, came in at 5.52 million for the week ended Nov. 14, down from a revised 6.089 million the previous week, the Labor Department said.
Jim Cramer discusses the jobless claims in the video above.
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