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Jobless Claims Rise, While Ben Bernanke Delivers Positive 'Reveal'

Jobless claims rise 326,000 in the latest week, missing Wall Street estimates for 310,000 claims. Abbot Downing senior managing director Doug Evans tells TheStreet's Joe Deaux that despite the high claims number, the labor market remains in a period of improvement. Evans also says he is constructive on the U.S. economy, because of small businesses hiring across the country and consumer optimism. Finally, Ben Bernanke since leaving the Federal Reserve is making many public appearances to give his outlook on the economy. Evans says it's revealing that Bernanke isn't worried about inflation, but he does see subdued growth ahead.