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January 25, 2008

First-time unemployment continues to fall

More than 300,000 Americans filed for unemployment benefits for the first time during the week ended Jan. 19, according to the U.S. Department of Labor.

That's a decrease of 1,000 from the previous week's revised figure. The four-week moving average was 314,750, a decrease of 14,000 from the previous week.

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