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Jobless claims fall to 403,000 last week

from Reuters

New claims for unemployment benefits fell last week, but held above the key 400,000 level, according to government report on Thursday. Initial claims for state unemployment benefits fell 13,000 to a seasonally adjusted 403,000, the Labor Department said, unwinding some of the prior week's quarter-end jump. Economists polled by Reuters had forecast claims slipping to 392,000. The prior week's figure was revised up to 416,000 from the previously reported 412,000. more


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