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July 10, 2008

First-Time Jobless Claims Down 58K

In the week ending July 5, 346,000 Americans filed claims for unemployment benefits for the first time, according to the U.S. Department of Labor.

That's a decrease of 58,000 from the previous week's unrevised figure of 404,000. The 4-week moving average was 380,500, a decrease of 10,000 from the previous week.

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