Unemployment claims drop sharply to 434K

By Associated Press
Posted Oct. 28, 2010 at 8:30 a.m.

Fewer people applied for unemployment benefits last week, the second drop in a row and a hopeful sign the job market could be improving.

The Labor Department said Thursday that initial claims for jobless benefits dropped by 21,000 to a seasonally adjusted 434,000 in the week that ended Oct. 23.

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