By MATT OTT, Associated Press Business Writer
WASHINGTON (AP) — The number of Americans applying for unemployment benefits jumped last week, but the total number of those collecting benefits fell to the lowest level in eight months.
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The total number of Americans filing for jobless benefits for the previous week ending Nov. 29 fell by 99,000 to 1.84 million, the government said. That’s the lowest level for continuing claims since mid-April.
Applications for unemployment aid are viewed as a proxy for layoffs and are close to a real-time indicator of the health of the job market.
The four-week average of claims, which evens out some of the week-to-week volatility, rose by 2,000 to 216,750.
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