Thumbs Up: DOL Reports drop of 19,000 in new unemployment claims last week
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In the week ending December 10, the advance figure for seasonally adjusted initial claims was 366,000, a decrease of 19,000 from the previous week's revised figure of 385,000. The 4-week moving average was 387,750, a decrease of 6,500 from the previous week's revised average of 394,250.
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In Massachusetts, the unemployment rate is down to 7%, the lowest in three years.