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Data Reflects Decrease in Americans Seeking Unemployment

Maybe this week will end on a good note? According to data released by the Labor Department, last week weekly unemployment benefit applications dropped by 37,000.

The seasonally adjusted number of 335,000 is technically the lowest level since January 2008!

This could perhaps mean that the job market is finally on the upswing.

That said, as per a piece by The Associated Press, applications in January can be misleading. Pink slips sometimes occur in the middle of the month when restaurants and retail companies let go of their holiday workers.

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