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October 12, 2012

Jobless Claims in U.S. Reach Lowest Point in More Than 4 Years 
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New data shows the number of people filing for jobless benefits in the
United States has fallen to its lowest point in more than
four-and-a-half years. The number of claims dropped by 30,000 last week,
according to government figures. While the unexpected dip may have been
partly distorted by seasonal adjustments, it comes amidst other signs of
improvement in the job market that could bolster President Obama's bid
for re-election. Last week the government reported the unemployment rate
had dropped to 7.8 percent in September, its lowest rate since Obama
took office.

 

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