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New claims for unemployment benefits edged down last week, according to a government report on Thursday that pointed to a modest improvement in the labor market at the start of the fourth quarter.
New claims for unemployment benefits dropped sharply in the latest week, The Labor Department said Thursday, giving the jobs market one of its first positive signals in some time.
More people applied for unemployment benefits last week, the first increase in three weeks. Still, the broader trend points to a slowly healing jobs market.
New U.S. claims for unemployment benefits fell last week, a government report showed on Thursday, further evidence a material improvement in the labor market was under way.