IN BRIEF
Fewer people seek jobless benefits
WASHINGTON — Fewer people sought U.S. unemployment benefits last week, evidence that strong hiring should continue despite signs of slower economic growth at the start of 2015.
The Labor Department said Thursday that weekly applications for jobless aid fell 9,000 to a seasonally adjusted 282,000.
The decrease suggests a recent slowdown in manufacturing, housing starts and retail sales have not trickled into the job market, a possible indication that economic growth will rebound after a harsh winter.
The four-week average, a less volatile measure, tumbled 7,750 to 297,000. Over the past 12 months, the average has dipped roughly 7 percent.
Average 30-year mortgage rate falls
WASHINGTON — Average long-term U.S. mortgage rates fell this week for a second straight week, edging closer to historically low levels at the start of the spring home-buying season.
Mortgage giant Freddie Mac said Thursday the national average for a 30-year fixed-rate mortgage declined to 3.69 percent from 3.78 percent last week.
The average rate for a 15-year mortgage, popular with homeowners who refinance, eased to 2.97 percent from 3.06 percent last week.
FDA to scrutinize unproven remedies
WASHINGTON — Federal officials plan to review the safety and evidence behind alternative remedies like Zicam and Cold-Eeze, products that are protected by federal law, but not accepted by mainstream medicine.
The Food and Drug Administration announced Thursday it will hold a two-day meeting next month on regulations for homeopathic medicines, which have long occupied a place on the fringes of U.S. health care.
Similar to dietary supplements, homeopathic products are not required to prove they are safe or effective before being sold on the market.
But unlike supplements, homeopathic medicines state they are designed to treat specific medical conditions.
Diet sodas fall; Pepsi back to No. 2
NEW YORK — Americans bought less soda for the 10th straight year in 2014, with diet sodas shrinking more than their sugary counterparts, according to a report released Thursday.
An annual report by the industry tracker Beverage Digest found that overall soda volume slipped 0.9 percent last year, moderating from the decline of 3 percent the previous year.
