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A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by more than expected in the week ended March 16th.
The report said initial jobless claims dropped to 221,000, a decrease of 9,000 from the previous week's revised level of 230,000.
Economists had expected jobless claims to dip to 225,000 from the 229,000 originally reported for the previous week.
