Jobless Claims Are Troubling Even After Discounting For Distortions |
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Jobless Claims Are Troubling Even After Discounting For Distortions The Initial jobless claims rose 7,000 to 455,000 during the week ended August 2. The number of applicants filing for unemployment insurance has risen 107,000 in the four weeks between July 5 and August 2. This large jump is attributed to the fact that extended unemployment benefits under a federal program are now available. According to Labor Department, several more than estimated have filed for benefits under this program as
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