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Jobless claims drop; hiring outlook rises

WASHINGTON | A steady decline in the number of people applying for weekly unemployment benefits is the latest signal the economy has strengthened and businesses might be poised to boost hiring.

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Stocks of Local Interest Dow 30 Bonds/Rates/Commodities Foreign Exchange Mutual Funds Storystocks Nation and World

Applications fell last week fell to a seasonally adjusted 381,000, the Labor Department said Thursday. That's the lowest level since late February.

A four-week average for applicatio...

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