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Unemployment rate drops
(NEWSCHANNEL 3) - Stocks are starting the day higher Thursday after a positive sign about the U.S. economy.
The number of people filing for unemployment benefits fell another 5,000 last week to the second lowest level in six years.
The steady declines in applications show that very few companies are laying people off.
The U.S. Labor Department says the four week average is down 7,000 to the lowest level since June of 2007.
The news could lead to the first positive day on Wall Street in five days.
The markets are being dragged down by all of the government shutdown news from Washington.