U.S. jobless claims decrease
March 8 , 2013
The number of Americans filing new claims for unemployment benefits unexpectedly dropped last week.
The data, released on Thursday, suggests a much-needed boost for the labor market as well as economic growth.
Initial claims for state jobless aid was down 7,000 to a seasonally adjusted 340,000, according to the Labor Department.
It was the second consecutive weekly drop, beating economists' expectations for a rise to 355,000.
Meanwhile, the four-week average for new claims fell 7,000 to 348,750, the lowest level since March 2008.
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