U.S. unemployment claims drop to 5-year low

The number of Americans seeking unemployment fell to the lowest level in five years last week.

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The number of Americans seeking unemployment fell to the lowest level in five years last week.

The Labor Department said Thursday that weekly unemployment benefit applications dropped 5,000 to a seasonally adjusted 330,000. That’s the fewest since January 2008.

The four-week average, a less volatile measure, fell to 351,750. That’s also the lowest in nearly five years.

Read more at The Register-Guard.

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