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New jobless claims unexpectedly drop

Analysts had expected an increase. The number of newly laid-off workers filing claims for unemployment benefits dropped unexpectedly last week, the Labor Department reported today, a sign the job market is healing as the economy slowly recovers.

 

Jobless Claims Rise After 5 Weeks of Decline

The Labor Department said initial claims for unemployment insurance rose by 17,000 to a seasonally adjusted 474,000. That was above analysts' expectations of 460,000.

 

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