How US fared on unemployment benefit claims

Source: denverpost.com
The amount of Americans looking for unemployment benefits dropped sharply last week, which indicated that hiring might improve faster than expected. Weekly unemployment aid applications plunged by 27,000 to seasonally adjusted 341,000, showing steady level of job growth.
The applications figures "continue to show no sign of new weakening--if anything, the opposite," said Jim O'Sullivan, an economist at High Frequency Economics. "The message: the recent trend in employment growth is at least being maintained."
Analysts forecast that growth will most probably pick up a little in the January-March quarter to reach an annual rate of 1.5%, which is below previous year's expansion of 2.2%.

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