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IPFS News Link • Economy - Economics USA

565K new jobless claims, lowest level since Jan.

07-09-2009 • AP

The number of newly laid-off workers filing initial claims for jobless benefits last week fell to lowest level since early January, largely due to changes in the timing of auto industry layoffs. Continuing claims, meanwhile, unexpectedly jumped to a record-high. While layoffs are slowing, unemployed workers are having a difficult time finding new jobs.

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Reported By Powell Gammill

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