The number of U.S. workers filing new claims for jobless benefits fell to the lowest level since January, but the seasonally adjusted data was distorted by an unusual pattern of layoffs in the automotive industry.
Economists watch the labor market closely for signs that the impact of the most severe recession in decades is fading, and worry that failure to curb unemployment that has spiked to 9.5 percent will thwart official efforts to stimulate growth.
Friday, July 10, 2009
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