skews13
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In a landmark for the labor market, new filings for jobless benefits last week dropped below their level before the pandemic struck, plunging to a low not hit since 1969, the government said.
Meanwhile, spending and incomes both rose more than expected last month -- though prices also increased five percent compared to October 2020, their biggest jump since November 1990.
www.reuters.com
Meanwhile, spending and incomes both rose more than expected last month -- though prices also increased five percent compared to October 2020, their biggest jump since November 1990.
![www.reuters.com](https://www.reuters.com/resizer/I1MfQtCDuwrgy8Ji7wNK_2UhJ88=/1200x628/smart/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/SU2LMAJ5CJPV5FQ3HXOF32PT6M.jpg)
U.S. economy regaining speed as unemployment claims fall; manufacturing surges
The number of Americans filing new claims for unemployment benefits fell close to pre-pandemic levels last week as the labor market recovery continues, though a shortage of workers remains an obstacle to faster job growth.