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US unemployment aid applications drop to 350,000

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The number of people seeking U.S. unemployment benefits dropped 12,000 to a seasonally adjusted 350,000 last week, though the total was elevated for the third straight week by technical problems in California. The Labor Department said Thursday that the less volatile four-week average jumped by nearly 11,000 to 348,250. Weekly applications have been inflated for the past three weeks, largely...

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