U.S. Jobless Claims Drop, Continuing Claims Lowest Since 2007 (Video)

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Women seeking employment attend a job fair at the Matrix Center April 23, 2014 in Detroit, Michigan. Several local organizations and businesses from the Detroit area looking to fill approximately 50 entry level and white-collar jobs participated in the job fair. Photo by Joshua Lott/Getty Images
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The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a strengthening labor market. Initial claims for state unemployment benefits declined 27,000 to a seasonally adjusted 300,000 for the week ended May 24, the Labor Department said on Thursday.