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The Boston Globe

Business

US jobless aid applications fall to 5-year low

WASHINGTON — The average number of people seeking unemployment benefits over the past month fell to the lowest level since March 2008, a sign the job market is healing.

The Labor Department said Thursday that weekly applications dropped 12,000 to a seasonally adjusted 350,000 in the week ended Dec. 22. The four-week average, a less volatile measure, fell to a nearly five-year low of 356,750.

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