Jobless claims drop by much more than expected (Reuters)

Gary Pitts (L) and Jen Dix (R) apply for a job with Fair Point Communications recruiter David Bausch (C) at a job fair organized by the New Hampshire Employment Security agency in Salem, New Hampshire December 17, 2008. (Brian Snyder/Reuters)Reuters – The number of U.S. workers filing new claims for jobless benefits slumped 94,000 last week, government data on Wednesday showed, but seasonal factors were likely behind this unexpectedly large decline with the labor market remaining very soft.

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