U.S. weekly jobless claims drop, but economic recovery still elusive

WASHINGTON (Reuters) - The number of Americans seeking jobless benefits fell for an eighth straight week last week, likely as some people returned to work, but claims remained at astonishingly high levels, suggesting it could take the economy a while to rebound as businesses reopen.The Labor Department's weekly jobless claims report on Thursday, the most timely data on the economy's health, also showed a decline in the number of people receiving unemployment checks in mid-May. The data, however,..