Jobless Claims Down 36,000 in Latest Week

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The number of Americans claiming initial jobless benefits plunged 36,000 last week, the largest drop in more than three years, the Labor Department said on Thursday.


New claims for state unemployment insurance benefits fell to 296,000, the lowest level since early February and the largest one-week drop since 73,000 in early December 2001, the department said. First-time claims fell more than Wall Street expectations for an unchanged reading from the 330,000 first reported for the week ended April 9.


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