Hopes Rise as Weekly Jobless Claims Fall

Initial jobless claims dipped more than expected to 450,000 last week, while continuing claims plunged 84,000 to 4.49 million, signaling another week of modest progress on the labor front.
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Initial Jobless Claims Take a Hopeful Dive

Initial claims unexpectedly plunged 27,000 to 451,000, the U.S. Labor Department says. That’s a long shot better than what a Bloomberg survey had forecast: It found initial jobless claims would dip to 470,000.
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