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Jobless Claims in U.S. Fell More Than Forecast Last Week

Fewer Americans than projected filed applications for unemployment benefits last week, indicating the U.S. labor market is improving.

Jobless claims declined by 42,000 to 338,000 in the week ended Dec. 21, a Labor Department report showed today in Washington. The median forecast of 42 economists surveyed by Bloomberg called for a drop to 345,000. Continuing claims rose.