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U.S. applications for unemployment aid reach 3-month low

By The Associated Press

This article was published March 6, 2014 at 11:06 a.m.

WASHINGTON — The number of people seeking U.S. unemployment benefits dropped 26,000 last week to a seasonally adjusted 323,000, the lowest level in three months as layoffs remain at pre-recession levels.

The Labor Department said Thursday that the four-week average of applications, a less volatile measure, fell slightly to a seasonally adjusted 336,500.

That average indicates that companies are cutting few jobs and anticipate steady economic growth despite the winter slowdown. Applications are a rough proxy for layoffs.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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