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New Jobless Claims Up

 More people filed initial jobless claims last week, the first increase in five weeks, as the labor market appeared to have shaken off the effects of Hurricane Sandy.

There were 361,000 new claims for unemployment benefits in the week that ended Saturday, up from a revised 344,000 the previous week, the Labor Department said Thursday.

The level is consistent with moderate job growth and in line with figures in the weeks before Sandy struck.

Source: LA Times. Read full article. (link)

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