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Jobless claims rise by 16,000

July 03 2008

In the week ended June 28, the advance figure for seasonally adjusted initial unemployment claims was 404,000, an increase of 16,000, or 4.1%, from the previous week's revised figure of 388,000. The four-week moving average was 390,500, an increase of 11,250 from the previous week's revised average of 379,250.

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