Initial Claims Drop Thursday, March 14, 5:48 PM ET
The number of Americans filing new claims for jobless benefits fell last week while the four-week moving average also hit a near five-year low. Applications for unemployment insurance payments fell by 10,000 to 332,000, according to the Labor Department, representing the second-lowest level in five years, and below market expectations of 350,000 reading. The four-week moving average was lower by 2,750 to 346,750.
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