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U.S. Initial Jobless Claims Signal Slowing Labor-Market Rebound

  • Filings for unemployment post smallest decline since March
  • Retail sales, continuing claims were better than forecast
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U.S. Initial Jobless Claims Hint at Slowing Labor Rebound
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The number of Americans filing for unemployment barely declined last week, signaling challenges to the economic recovery are multiplying.

Initial jobless claims in regular state programs totaled 1.3 million in the week ended July 11, down 10,000 from the prior period -- the smallest decline since March, Labor Department figures showed Thursday. Another 17.3 million Americans claimed ongoing unemployment benefits in state programs in the week ended July 4, indicating economic pain remains widespread.