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First-Time Claims For Unemployment At Four-Year Low
Submitted by Cheston Catalano
About 350,000 people filed for initial jobless claims in the week ended July 7, down 26,000 from the previous week, the Bureau of Labor Statistics said Thursday.
The U.S. lost 4.3 million jobs in President Obama’s first 13 months in office. Track his progress since then.
The figure was a huge surprise, marking the lowest level of claims since March 2008. Economists had been expecting 375,000 claims last week.
