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June 17, 2011

Economic lift: fewer layoffs, more homes

By CHRISTOPHER S. RUGABER
AP Economics Writer

WASHINGTON — Fewer Americans applied for unemployment benefits last week and builders broke ground on more homes in May. The latest data offered some hope that the economy may be improving after hitting a slump in late spring.

Unemployment benefit applications fell to a seasonally adjusted 414,000, the Labor Department said. It was the second drop in three weeks and a positive sign that layoffs are slowing.


 
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