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Initial jobless claims drop to 457,000 (access required)

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Published: July 29,2010

Time posted: 10:52 am

Tags: unemployment

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New jobless claims fell last week for the third time in four weeks but remain elevated. The decline is a sign that the economy likely added jobs in July, although not enough to lower the nation's high unemployment rate. First-time claims for unemployment insurance dropped by 11,000 to a seasonally adjusted 457,000, the Labor Department said ...





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