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Jobless Claims Changed Little Last Week

There were 382,000 first-time claims for unemployment benefits last week, down by just 3,000 from the week before, the Employment and Training Administration says.

Meanwhile, "the 4-week moving average was 377,750, an increase of 2,000 from the previous week's revised average of 375,750." That figure offers a slightly better look at the trend.

Basically, as we've said many times in recent months, claims have been stuck in a range between 350,000 and 400,000 for the past year and are running at a pace that underscores how the labor market appears to be only slowly improving.

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