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Jobless claims hit 3-month low, but February job growth was likely weak

from Wall St. Cheat Sheet

Juxtaposed against the dismal picture of February economic activity painted by several recent reports, data released by the Department of Labor’s Bureau of Labor Statistics on recently showed that initial applications for unemployment benefits declined by 26,000 new claims to a seasonally adjusted 323,000, the lowest level recorded since the end of November and a strong enough decline to reverse the previous week’s jump. more

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