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Jobless claims fall for second straight week

wpvi
By 6abc
Thursday, August 21, 2008
WASHINGTON - August 21, 2008 The Labor Department says applications for jobless benefits dropped to 432,000, down by 13,000 from the previous week. That was a steeper drop than analysts expected.

But claims remain elevated compared with recent years. The four-week moving average climbed to 445,750, the highest in almost seven years.

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