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U.S. initial jobless claims decline to three-week low
December 12,2014   By:Xinhua

WASHINGTON, Dec. 12,2014-- The number of Americans initially applying for unemployment aid last week declined to a three-week low, as better economy created more jobs.

In the week ending Dec. 6, the advance figure of seasonally adjusted initial claims for jobless benefits decreased to 294,000, 3,000 less than the revised level of the previous week, the U.S. Labor Department said on Thursday.

Meanwhile, the four-week moving average, which helps smooth out week-to-week volatility, edged up by 250 to 299,250 last week. The advance figure of seasonally adjusted insured unemployment during the week ending Nov. 29 increased 142,000 from the previous week to 2,514,000.

U.S. economy adds 321,000 new jobs in November, the largest gain since January 2012, while the unemployment rate kept at a six- year low of 5.8 percent in the month, the Labor Department said last week.

U.S. economy rose 3.9 percent in the third quarter this year, supported by personal consumption, according to the U.S. Commerce Department in November.

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