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First-Time Unemployment Up

The labor market is recovering—but much too slowly for anyone's taste. The Labor Department reported that last week, 382,000 Americans filed first-time claims for unemployment benefits. That's up 15,000 from last week, and the four-week moving average, which smooths out fluctuations, rose to 375,000. In a healthy labor market, this number would be trending down.

September 13, 2012 8:41 AM