Thursday, December 6, 2007

Jobless Claims Reach Another High

A moving average for initial jobless claims reached its highest level since late October 2005, the government reported. The seasonally adjusted four-week moving average for initial jobless claims increased 4,750 to 340,250, according to the Labor Department. Initial jobless claims fell 15,000 to 338,000 in the week ended Dec. 1.

Source: CBS MarketWatch

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