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U.S. Initial Jobless Claims Fell 17,000 to 421,000 Last Week

The number of workers filing first-time claims for unemployment insurance payments fell last week in the U.S., showing the labor market continues to improve.

Applications for jobless benefits decreased to 421,000, in line with the median forecast of economists surveyed by Bloomberg News, from a revised 438,000 the prior week, Labor Department figures showed today. The four-week moving average, a less-volatile measure, dropped to the lowest level in more than two years.