Unemployment Applications at Three-Month Low

Washington, DC, March 6, 2014 -- Initial applications for unemployment benefits  dropped 26,000 last week to a seasonally adjusted 323,000, the lowest level in three months, according to the Labor Department.

The government also said that the four-week average of applications fell slightly to a seasonally adjusted 336,500.

A total of 3.4 million Americans received unemployment benefits as of Feb. 15, down from 3.49 million the previous week.

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