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IPFS News Link • Employee and Employer Relations

New jobless claims unexpectedly plunge to 601K

05-07-2009 • AP

New applications for jobless benefits plunged to the lowest level in 14 weeks, a possible sign that the massive wave of layoffs has peaked. But the total number of people receiving jobless benefits climbed to 6.35 million, a 14th straight record.

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Reported By Powell Gammill

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New jobless claims unexpectedly plunge to 601K

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