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With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing an unexpected decrease in first-time claims for U.S. unemployment benefits in the week ended March 30th.
The report said initial jobless claims dipped to 202,000, a decrease of 10,000 from the previous week's revised level of 212,000.
The drop surprised economists, who had expected jobless claims to inch up to 216,000 from the 211,000 originally reported for the previous week.
With the unexpected decrease, initial jobless claims fell to their lowest level since hitting a matching number in December of 1969.
