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Unemployment Drops Sharply

Is the American workers unexpected, unwanted holiday over? “The total number of people on the unemployment insurance rolls dropped for the first time since early January,” according to the Associated Press. The Labor Department reported today that unemployment insurance rolls fell 148,000 to 6.69 million, which is the largest drop in seven years. “The drop also breaks a string of 21 straight increases in continuing claims, the last 19 of which were records.”