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Initial jobless claims jump to 302,000 but remain low
Initial jobless claims jump to 302,000 but remain low

Initial jobless claims jumped to 302,000 last week, but have averaged their lowest level in eight years during the previous month in further evidence of a strengthening labor market. The number of people filing for first-time unemployment benefits was up 23,000 from the previous week's 279,000, the Labor Department said Thursday. That figure, which was revised down by 5,000, was the best since February 2006. Weekly jobless claims can be volatile, particularly in the summer as some factories temporarily shut down. The more reliable four-week average dropped by 3,500 last week to 297,250, the lowest since April 2006, the Labor Department said. That's an upbeat sign ahead of...

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