The number of Americans filing for unemployment benefits fell last week, dropping for a second straight week as labor market conditions tightened further.
Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 238,000 for the week ended Nov. 25, the Labor Department said on Thursday. Data for the prior week was revised to show 1,000 more applications received than previously reported.
Economists polled by Reuters had forecast claims edging up to 240,000 in the latest week. The data included last Thursday's Thanksgiving holiday. Claims tend be volatile around shifting holidays.