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09 February 2006 15:00

Trend in U.S. jobless claims lowest in nearly 6 years

by jasontromm
First-time applications for U.S. unemployment benefits edged higher by 4,000 to 277,000 in the week ending Feb. 4, the Labor Department said Thursday. "Claims are a good leading indicator of the unemployment rate; these data suggest the rate will be nudging 4% by mid-summer," said Ian Shepherdson, chief U.S. economist for High Frequency Economics.

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