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Jobless claims fall 8.4% in holiday week

July 09, 2009

The number of U.S. initial claims for unemployment benefits fell 8.4% to 565,000 in the week ended July 4 from the previous week's revised number of 617,000, the U.S. Department of Labor reported today. The four-week moving average of claims fell 1.6% to 606,000 from the previous week's revised average of 616,000.