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More Americans Than Forecast Filed Jobless Claims Last Week
More Americans than forecast filed for unemployment benefits last week, representing a pause in the pace of labor-market improvement. Jobless claims climbed by 15,000 to 297,000 in the week ended July 4, a Labor Department report showed today in Washington. The median forecast of economists surveyed by Bloomberg projected claims of 275,000. The data can be volatile this time of year because of the Fourth of July holiday and seasonal auto plant shutdowns. Applications for benefits have been below 300,000 for 18 straight weeks, the longest stretch since 2000 and indicating companies are content to maintain staffing ... (full story)
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