Jobless Claims in U.S. Decrease More Than Forecast
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Applications for jobless benefits fell more than forecast last week, easing concern American employers are again slashing payrolls as the economy slows.
Claims dropped by 31,000, the first decline in a month, to 473,000 in the week ended Aug. 21, Labor Department figures showed today in Washington. The total number of people receiving government payments exceeded 10 million for the first time in four months, reflecting an increase in those getting extended benefits.