Initial jobless claims fell more than economists expected the week ended Sept. 4, dropping by 27,000 filings to a two-month low of 451,000, the Labor Department said Thursday.

Continuing claims for the week ended Aug. 28 declined to 4.478 million. Economists forecast 470,000 initial claims for unemployment benefits and 4.450 million continuing claims, according to the median estimate from Thomson Reuters.

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