Wednesday, Jul 27, 2016
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BUSINESS BRIEF

Jobless applications mark 5th weekly decline

WASHINGTON — The number of people applying for U.S. unemployment benefits slipped 2,000 last week to a seasonally adjusted 339,000, the fifth straight decline.

The Labor Department said Thursday that the less volatile four-week average fell 5,750 to 344,000. The average has dropped 11 percent in the last year.

Applications are a proxy for layoffs. They have fallen back near prerecession levels this month, a sign that companies are firing fewer workers.

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