New requests for unemployment benefits fell sharply last week, the first decline in a month and a hopeful sign after a raft of negative economic reports.
New claims for jobless aid dropped by 31,000 to a seasonally adjusted 473,000, the Labor Department said Thursday...
Even with last week's decline, the four-week average, a less volatile measure, rose to 486,750, the most since November 2009. [source]
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