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Jobless Claims in U.S. Fall to 4-Year Low
|Last Edited||RP Feb 16, 2012 12:18pm|
|Author||Timothy R. Homan and Bob Willis|
|News Date||Thursday, February 16, 2012 05:00:00 PM UTC0:0|
|Description||Americans filed the fewest claims for jobless benefits since 2008, surprising forecasters and signaling that an improving labor market will give the world’s largest economy a boost. |
Claims dropped by 13,000 in the week ended Feb. 11 to 348,000, less than the most optimistic estimate of 45 economists surveyed by Bloomberg News. Other reports today showed consumer confidence improved, housing starts climbed and manufacturing in the Philadelphia area accelerated.