Weekly Initial Unemployment Claims Down 35,000

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Initial claims of unemployment fell 35,000 (9%) last week to 353,000. Prior to the first week in July, this is the lowest number of claims since the last week of May, 2008. Although this change is a good sign and this week’s numbers down significantly, this data has a lot of week-to-week noise.

–From the St. Louis Federal Reserve and the Bureau of Labor Statistics

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