Jobless Claims Make Biggest Drop in Three Years

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The number of Americans filing initial claims for jobless aid unexpectedly sunk 48,000 last week, the largest drop in more than three years, according to a government report.


In the week ended Jan. 15, 319,000 first-time claims for state unemployment benefits were filed, the Labor Department said. Economists had expected claims to drop slightly to 345,000 from the 367,000 reported for the prior week.


The drop brought the four-week moving average of initial claims down 3,000 to 341,000.

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