Drop in U.S. Jobless Claims Increases Confidence
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Americans unexpectedly filed fewer claims for unemployment benefits last week, highlighting labor-market gains that are shoring up consumer confidence.
Jobless claims dropped by 5,000 to 305,000 in the week ended Sept. 21, a Labor Department report showed today in Washington. The monthly average was the lowest since 2007. The Bloomberg Consumer Comfort Index rose for the third straight week, another report showed.