Economic News Leaves Experts Cautious On Jobs

The ColumbianMarch 19, 2004

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Summary


NEW YORK -- A pair of economic reports released Thursday signaled hope that the long dry spell in hiring could be easing, but economists remained cautious about the prospects of a full recovery in the job market. Another report showed a spike in energy prices.

The Labor Department reported Thursday that the number of new claims for unemployment benefits fell last week for the third consecutive week, driving jobless claims down to their lowest level in more than three years.

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Economic News Leaves Experts Cautious On Jobs

The number of laid-off workers seeking jobless benefits fell by 6,000 to 336,000, indicati...

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