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Four-week average of initial unemployment claims falls to 14-year low
Four-week average of initial unemployment claims falls to 14-year low

Initial unemployment claims fell last week, dropping the average over the previous month to its lowest level in 14 years, the Labor Department said Thursday. About 278,000 people filed for first-time unemployment benefits, down 10,000 from the previous week. The decline was larger than economists had forecast. The figure remained above the post-Great Recession low of 266,000, reached in the week ended Oct. 11. But the four-week average fell by 2,250 to 279,000 last week, the lowest since April 2000, the Labor Department said. The decline was a positive sign ahead of Friday's Labor Department report on October job growth and unemployment. The four-week average for claims, which...

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