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Applications for jobless aid up, but from very low level

More Americans sought unemployment aid last week, though the number of applications remains at a historically low level that is consistent with a healthy job market. Weekly applications increased 10,000 to a seasonally adjusted 274,000, the Labor Department said Thursday. The four-week average, a less volatile figure, fell to a fresh 15-year low of 266,250. Applications are a proxy for layoffs, so the very low readings indicate that most employees have solid job security. Businesses also appear to be confident enough in the economy to keep their workers. With fewer people seeking benefits, the number receiving them has also declined. Total recipients fell 12,000 to 2.2 million, the...

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