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Jobless claims rise slightly, hiring at sluggish pace

The number of Americans filing for jobless benefits rose slightly in the latest week, indicating a labor market that remains in the doldrums. The Labor Department reported that new claims rose a seasonally-adjusted 4,000 to 367,000, while the four-week moving average, considered a more accurate gauge of labor market conditions, was flat at 375,000.

 

Jobless Claims Rise More Than Expected to 482K

The number of newly-laid off workers seeking jobless benefits unexpectedly rose last week, as the job market recovers at a slow and uneven pace.

 

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