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Jobless claims drop by 10,000, keep record low pace of layoffs intact (MarketWatch)

December 08, 2016

The number of Americans who applied for unemployment benefits in early December fell by 10,000 to 258,000, keeping the pace of layoffs near the lowest level in more than 40 years as the holiday season got underway. MarketWatch reports new claims had hit a five-month high the week prior, though claims often swing up and down during the holiday season that stretches from Thanksgiving to early January.