The number of people seeking U.S. unemployment aid fell sharply last week as a temporary spike caused by Superstorm Sandy has faded. Weekly applications have fallen back to a level consistent with modest hiring.
Employers are continuing to hire at a healthy pace. The number of people seeking unemployment benefits in the United States fell to a four-year low last week. Weekly applications dropped 6,000 to a seasonally adjusted 357,000 according to the Labor Department. That's the fewest since April 2008.
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