Jobless Claims Held Steady Last Week

The number of Americans filing first-time claims for unemployment fell to 268,000 last week as the labor market continues its steady recovery from the coronavirus pandemic, the Labor Department reported on Thursday.

The four-week moving average was 272,750, down 5,750 from the prior four-week average.

The number was above expectations of 260,000 and slightly below the revised 269,000 from the prior week.

The labor market has shown signs of strength lately, with jobless claims under 300,000 and 531,000 new jobs added in October. Meanwhile, revisions to prior months added more...