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Jobless Claims Slide Below 400,000 Mark

Fewer people applied for unemployment benefits last week, a hopeful sign that the job market might be picking up.

The Labor Department said Thursday that weekly applications dropped 9,000 to a seasonally adjusted 397,000, the lowest level in five weeks. It’s only the third time since April that applications have fallen below 400,000.

 Read more: at CBSNews.com