US weekly jobless claims better than expected; employment growth still slow

US weekly jobless claims better than expected; employment growth still slow

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  • First-time claims for unemployment insurance totaled 860,000 last week.
  • That was down from the 893,000 a week ago and better than Dow Jones estimates of 875,000.
  • Continuing claims fell by more than 900,000 to 12.63 million.

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