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(AP Photo/Wilfredo Lee)
Nov. 6 (Bloomberg) — Fewer Americans than forecast filed applications for unemployment benefits last week, a sign persistent demand is fueling gains in the labor market.

First-time jobless claims dropped 10,000 to a three-week low of 278,000 in the week ended Nov. 1, the Labor Department reported today in Washington. The median forecast of 50 economists surveyed by Bloomberg called for 285,000. The four- week moving average, a less-volatile measure of job cuts, reached the lowest level in more than 14 years.

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