Jobless claims down 42,000 from last week

(CNN) - Claims for unemployment benefits are on a roller coaster ride.

Claims fell dramatically last week after rising sharply a week earlier. About 346-thousand people filed claims for their first week of jobless benefits last week. That's down from a revised 388-thousand the week before, according to the labor department.

Wide swings are not unusual for March and April because of the Easter holiday and school spring breaks. The report also showed 3.1 million people filed for their second week or more of unemployment benefits last week.


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