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US Jobless Benefit Claims Hit 7-Year Low

The number of American workers seeking unemployment benefits has fallen to a seven-year low, a new signal that the U.S. labor market is improving. The U.S. Labor Department said Thursday that 297,000 unemployed workers made initial claims for government aid last week, down 24,000 from the week before and the lowest point since May, 2007. U.S. businesses have been laying off fewer workers and hiring has picked up, with the world's largest economy adding 288,000 jobs in April and the...

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