Economics
First-Time Jobless Claims in U.S. Fell More Than Forecast
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Fewer Americans are being fired and productivity is showing signs of life, pointing to an improving job market that is helping boost consumer confidence.
The number of claims for jobless benefits dropped by 10,000 to 278,000 in the week ended Nov. 1, the Labor Department reported today in Washington. Other figures showed workers were more efficient in the third quarter than economists projected and household sentiment firmed last week as family finances improved.