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First-Time Unemployment Claims in U.S. Dropped 15,000 Last Week to 372,000
Fewer Americans filed claims for unemployment insurance payments last week, showing the labor market is starting 2012 on better footing than a year earlier. Applications for jobless benefits (INJCJC) decreased 15,000 in the week ended Dec. 31 to 372,000, Labor Department figures showed today. The median estimate of 38 economists in a Bloomberg News survey forecast 375,000 claims. The average over the past four weeks declined to the lowest level in more than three years. The decrease in firings indicates employers may be getting more comfortable with their headcounts and their economic outlooks as the year begins. ... (full story)
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