US Unemployment Aid Applications Plummet to 346K

The number of Americans seeking U.S. unemployment benefits fell sharply last week to a seasonally adjusted 346,000, suggesting March's weak month of hiring may be a temporary slowdown. Weekly unemployment aid applications dropped by 42,000 last week, the Labor Department said Thursday. The steep decline reversed sharp gains over the previous two weeks and brought the level back to a point that signals stronger job growth. The four-week average, a less volatile measure, rose 3,000 to...Full Story
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