Weekly Jobless Claims Fall for Second Consecutive Week

Unemployment Benefits
Alan Diaz/AP

By Lucia Mutikani

The number of Americans filing new claims for unemployment benefits fell for a second straight week last week, underscoring the strengthening labor market fundamentals.

Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 298,000 for the week ended Aug. 23, the Labor Department said Thursday.