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The number of people seeking U.S. unemployment benefits fell to a four-year low last week, suggesting employers kept hiring in March at a healthy pace.
Asian stocks tumbled Friday as ballooning European debt and a rise in U.S. unemployment claims added to fears the global recovery could slip back into recession....
A government report Thursday on claims for unemployment aid signaled that layoffs are easing and that the economy could be on the verge of posting the first monthly gain in jobs in two years.