Posted: Thursday, August 7th 2014 at 9:15am
Jobless aid applications fall to 289,000
By The Associated Press
WASHINGTON (AP) -- Fewer people sought U.S. unemployment benefits last week, as jobless claims remain at relatively low levels that point toward stronger economic growth.
Weekly applications for unemployment aid fell 14,000 to a seasonally adjusted 289,000, the Labor Department said Thursday. The prior week's was revised up slightly to 303,000.
The four-week average, a less volatile measure, fell 4,000 to 293,500. That's the lowest average since February 2006, almost two years before the Great Recession began at the end of 2007.
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