Jobless claims drop

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Thursday, August 09, 2012

The number of Americans applying for unemployment benefits fell by 6,000 last week, consistent with modest gains in hiring.

The Labor Department said Thursday that the less volatile four-week average rose by 2,250 to 368,250 in the week that ended Aug. 4.

Weekly applications bounced around in July, skewed by the difficulty of accounting for temporary summertime layoffs in the auto industry. The seasonal distortions had faded by last week.

Read more at OregonLive.com.

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