U.S. jobless claims plunge 14%

[Yahoo! News]

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New claims for US unemployment insurance benefits plunged to the lowest level in nearly 15 years last week, the Labor Department reported Thursday. Initial jobless claims, a sign of the pace of layoffs, dropped to a seasonally adjusted 265,000 in the week ending January 24, a hefty decline of 43,000 from the prior week's slightly upwardly revised level of 308,000. It was the lowest level for initial claims since mid-April 2000. The Labor Department said there was no particular factor influencing the week's claims data, which is often volatile.

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