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New jobless claims drop slightly to 623K

New jobless claims drop slightly to 623K

New jobless claims drop slightly to 623K

Thousands of people turned out Wednes...


WASHINGTON — Nearly 5 million Americans continued to draw jobless benefits late last month, and new requests again exceeded 600,000 as companies lay off scores of workers amid a deepening recession.

In slightly better economic news, retail sales rose unexpectedly in January, reversing six months of decline and following a dismal holiday season. But analysts said the jump was unlikely to last, partly because of the weak job market.


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