The Labor Department reported today that first-time claims for unemployment benefits dropped last week to the second-lowest level this year. First-time claims for jobless aid fell by 17,000 to a seasonally adjusted 421,000 in the week ending Dec. 4. That’s below the 428,000 figure that Wall Street expected and fresh evidence that companies are cutting fewer jobs. The four-week average of claims also slid for the fifth straight week, reaching the lowest level since August 2008, before the eruption of the financial crisis.
U.S. jobless claims drop
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