Jobless Claims Drop as U.S. Employers Keep Holiday Workers
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Fewer Americans filed for unemployment benefits last week as labor-market tightening compelled employers to hold on to seasonal hires.
Jobless claims decreased by 4,000 to 294,000 in the week ended Jan. 3, the Labor Department said today in Washington. The median forecast of 45 economists surveyed by Bloomberg called for a decline to 290,000.