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August 21, 2008

Initial Jobless Claims Down 13K

In the week ending Aug. 16, 432,000 Americans filed for unemployment insurance benefits for the first time, according to the U.S. Department of Labor.

That's a decrease of 13,000 from the previous week's revised figure of 445,000. The 4-week moving average was 445,750, an increase of 7,250 from the previous week.

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