New Jobless Claims Plunge

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The number of U.S. workers filing new claims for unemployment aid plunged by an unexpectedly large 35,000 last week to the lowest level in more than five years, a government report showed on Thursday.


The Labor Department said 291,000 initial claims for state jobless benefits were filed in the week ended December 31, the lowest number since September 2000 and down from a revised 326,000 in the prior week. It was the largest weekly drop since late September.


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