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Applications for US unemployment benefits likely rose slightly last week
The U.S. Labor Department reports on the number of people who applied for unemployment benefits last week. The report will be released Thursday at 8:30 a.m. Eastern. ALMOST FLAT: Economists forecast that weekly applications rose a slight 1,000 to a seasonally adjusted 290,000, according to a survey by the data firm FactSet. Freezing weather and snowstorms recently pushed up the number of people seeking benefits. The four-week average, a less volatile measure, has fallen 9 percent over the past year to 302,500. Weekly applications are a proxy for layoffs. When employers keep their workers, it is generally a sign that ... (full story)
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