Jobless Claims in U.S. Have Dropped About as Much as They Can
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Jobless claims in the U.S. probably have nowhere to go but up.
The number of Americans filing applications for unemployment insurance benefits over the past month has dropped to the lowest level since early 2006. Yet last month there were 5.4 million more people in the labor force, which is -- for the most part -- the slice of the population eligible to file, than there were eight years ago.