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First-time jobless claims fall slightly

October 30, 2009|Times Wire Reports

The number of people claiming jobless benefits for the first time dropped less than expected last week, evidence that the labor market remains weak even as the economy recovers. The Labor Department said its tally fell by 1,000 to a seasonally adjusted 530,000. Analysts expected a steeper drop to 521,000, according to a survey by Thomson Reuters.

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