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Jobless claims four-week average rises

August 07 2008

In the week ended Aug. 2, the advance figure for seasonally adjusted initial unemployment claims was 455,000, the U.S. Department of Labor reported. The four-week moving average was 419,500, an increase of 26,750, or 6.8%, from the previous week's revised average of 392,750.

However, the Department of Labor has just begun a program to locate those eligible for jobless benefits, and it's unknown how much that program is impacting the numbers, The Associated Press reported.

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