Fewer Firings a Sign U.S. to Regain Growth Momentum: Economy

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Fewer Americans than forecast applied for unemployment insurance payments last week, pointing to an improving labor market that will help the economy regain momentum following the harsh winter.

Jobless claims decreased by 10,000 to 311,000 in the period ended March 22, the fewest since late November, Labor Department data showed today in Washington. Another report showed the economy grew more rapidly in the fourth quarter than previously estimated as consumer spending rose by the most in three years.