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Jobless Claims Drop Less Than Expected
By: devona walker
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Thu, 01/28/2010 - 09:51
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A drop in new jobless claims came in short of expectations, and factory orders rose only slightly -- fresh evidence the economy is recovering at a slow, uneven pace, according to Thompson Reuters.
The Labor Department said Thursday that first-time jobless claims dropped by 8,000 to a seasonally adjusted 470,000. Analysts had expected a steeper drop to 450,000, according to Thomson Reuters.
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