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New jobless claims dip less than expected to 570,000

Source: chron.com Posted By: Candace George..3391 days ago

New jobless claims fell slightly last week while the number of people receiving unemployment benefits rose, a sign the job market’s recovery will be long and bumpy.

While most economists believe the recession has ended, they predict the jobless rate will keep rising until at least next summer as the country struggles to mount a sustained recovery. The worry is that household incomes will remain depressed and consumer spending, which accounts for 70 percent of the total economy, will continue....

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