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Jobless claims post decline

August 06, 2009

The number of U.S. initial claims for unemployment benefits fell 6.5% to 550,000 in the week ended Aug. 1 from the previous week's revised number of 588,000, the U.S. Department of Labor reported today.

The four-week moving average of claims fell 0.9% to 555,250 from the previous week's revised average of 560,000.