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April 5, 2007

Recent rise for jobless claims

The U.S. Labor Department said initial U.S. jobless claims rose by 11,000 last week to 321,000, the highest level since March 3. However, the four-week average of new claims fell by 1,500 to 315,750, the lowest since Feb. 3.

The four-week average of continuing claims fell by 7,500 to 2.52 million, the lowest in six weeks.

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