US Jobless Benefit Claims Drop to Five-Year Low, Stocks Hit Record Highs

The U.S. government says the number of Americans making their first claims for jobless benefits fell last week to the lowest level in more than five years.

The government said Thursday that 326,000 people sought unemployment compensation, a drop of 19,000 from the previous week. It is the lowest weekly total since January 2008.

The dip in the number of jobless claims signals that employers are laying off fewer workers.

The good news on jobs sent stocks to another record high Thursday. The …

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