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Jobless Claims Dropped By 5,000 Last Week

There were 348,000 first-time claims for unemployment insurance benefits last week, down 5,000 from the week before, the Employment and Training Administration just reported.

At that level, weekly claims remain the lowest they've been since March 2008.

The agency also said "the 4-week moving average was 355,000, a decrease of 1,250 from the previous week's revised average of 356,250."

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