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Saturday, November 14, 2026Nov 14

Drop in jobless claims raises hopes for hiring

drop-jobless-claims-raises-hopes-hiring
drop-jobless-claims-raises-hopes-hiring

By JEANNINE AVERSA

AP Economics Writer

WASHINGTON – The job market suddenly looks brighter.

The number of people filing for unemployment benefits sank last week to its lowest point in nearly three years, and retailers and other service companies posted strong results Thursday for last month.

On the eve of the government’s February jobs report, the news suggests the economy may be about to take off despite growing concerns about inflation.