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Thursday, August 12, 2010

New claims for unemployment aid reach 484K

From: Yahoo Finance

New claims for unemployment aid reach 484K: New applications for jobless benefits rise to highest since February as layoffs continue
http://finance.yahoo.com/news/New-claims-for-unemployment-apf-3180551258.html?x=0&.v=1



The employment picture is looking bleaker as applications for jobless benefits rose last week to the highest level in almost six months.

It's a sign that hiring is weak and employers are still cutting their staffs.

First-time claims for jobless benefits edged up by 2,000 to a seasonally adjusted 484,000, the Labor Department said Thursday. Analysts had expected a drop. That's the highest total since February.

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