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Thursday, August 5, 2010

New claims for jobless benefits rise to 479K

From: Yahoo Finance

New claims for jobless benefits rise to 479K
http://finance.yahoo.com/news/New-claims-for-jobless-apf-3631266616.html?x=0&.v=6


Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies are still cutting workers.

The Labor Department said Thursday that new claims for unemployment insurance rose by 19,000 to a seasonally adjusted 479,000. Analysts had expected a small drop. Claims have risen twice in the past three weeks.

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