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Higher jobless claims surprise economists


Submitted by John on Thu, 2007-11-29 08:10.

http://biz.yahoo.com/ap/071129/jobless_claims.html

The Labor Department reported Thursday that new applications filed for unemployment insurance rose by a seasonally adjusted 23,000 to 352,000. It was the highest level since Feb. 10.

The report surprised economists. They were forecasting claims to hold steady around 330,000.

Surprise, surprise, the unemployed want to go shopping for the holidays, too.

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