U.S. Initial Jobless Claims Fell 60,000 Last Week
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U.S. Initial Jobless Claims Fell 60,000 Last Week
U.S. Initial Jobless Claims Fell 60,000 Last Week (Update1)
Washington, Dec. 26 (Bloomberg) -- The number of U.S. workers filing new claims for state unemployment benefits fell by the most in more than a year, evidence that the pace of firings may be abating.
Initial jobless applications dropped by 60,000 to 378,000 in the week that ended Saturday, the Labor Department said. It was the biggest decline since a 73,000 fall the week ended Oct. 6, 2001. Stocks rose and Treasuries reversed gains after the report signaled strengthening in the economy.
Washington, Dec. 26 (Bloomberg) -- The number of U.S. workers filing new claims for state unemployment benefits fell by the most in more than a year, evidence that the pace of firings may be abating.
Initial jobless applications dropped by 60,000 to 378,000 in the week that ended Saturday, the Labor Department said. It was the biggest decline since a 73,000 fall the week ended Oct. 6, 2001. Stocks rose and Treasuries reversed gains after the report signaled strengthening in the economy.
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