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New Figures Rain on Jobs Parade

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Posted on February 18 2010 8:30 pm
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The number of newly laid-off workers filing applications for unemployment benefits unexpectedly surged last week after having fallen sharply in the previous week. The gain dampened hopes about how quickly the labor market may improve this year.

The Labor Department said Thursday that first-time claims for unemployment benefits rose by 31,000 to a seasonally adjusted 473,000. Analysts expected a small decline.

Read more at Fox.

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