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Average Initial Jobless Claims Is At Its Lowest Level Since 2007

Sam Ro
unemployment office layoffs jobs

bytemarks / Flickr

The Department of Labor's latest weekly reading of weekly initial unemployment claims is out, and it's basically in line with expectations.

Claims climbed to 333,000, a level which was slightly lower than the 335,000 expected by economists.

Last week's reading was revised up to 328,000 from an earlier reading of 326,000.

The four-week average is at its lowest level since November 2007.

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