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October 8, 2009

Initial Jobless Claims Down 33K

In the week ending Oct. 3, 521,000 Americans filed claims for unemployment insurance for the first time, according to the U.S. Department of Labor.

That's a decrease of 33,000 from the previous week's revised figure of 554,000.The 4-week moving average was 539,750, a decrease of 9,000 from the previous week.

The insured unemployment rate was 4.5 percent for the week ending Sept. 26, a decrease of 0.1 percentage point from the prior week.

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