according to new data from the Department of Labor, The number of people collecting unemployment dropped to a 7-year low in April. Jobless claims fell by 49,000 to 1.98 million. The first time continuing claims dropped below the two million mark was in March. First-time jobless claims, however, increased by 10,000 to 244,000 over a seven day period. However, the number of new applicants for unemployment benefits has been under 300,000 for a period of 111 consecutive weeks.
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