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U.S. Jobless Claims Fall; Average at Eight-Year Low

Bloomberg (10/09/14) Jeanna Smialek

The number of people applying for unemployment benefits in the week ended Oct. 4 fell by 1,000 to 287,000, according to the U.S. Department of Labor. Economists surveyed by Bloomberg had forecast claims of 295,000. The four-week moving average declined by 7,250 to 287,750, the lowest since February 2006.