The number of weekly jobless claims continued to fall for another consecutive week, according to new figures released Thursday morning by the U.S. Department of Labor.

A total of 751,000 Americans filed new jobless claims last week, a decrease of 7,000 from the previous week.

The new numbers represent the 10th consecutive week new jobless claims have come in below 1 million.

“Overall, the economy appears to be losing a bit of momentum,” Wells Fargo Securities economists including Jay Bryson said in a recent note, according to Yahoo Finance. “Jobless claims have improved recently but remain elevated.”

This story is being updated.

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Senate Majority Leader John Thune, R-S.D. (center) is flanked by GOP whip Sen. John Barrasso, R-Wyo. (left) and Finance Committee Chairman Mike Crapo, R-Idaho, as Thune speak to reporters at the Capitol in Washington on Tuesday, July 1, 2025. Earlier Tuesday, the Senate passed the budget reconciliation package of President Donald Trump's signature bill of big tax breaks and spending cuts. (J. Scott Applewhite/AP)

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