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Weekly Jobless Claims Fall After Spring Spike
washingtonpost.com 5 days, 15 hours agoNew government data released Thursday suggest that the job market’s spring slump may be ending, although turmoil in Europe could stall the progress of the recovery. The number of people who filed new claims for unemployment insurance fell slightly last week to 370,000, according to the Labor Department . The average for the past four weeks has moderated after a spike in April that brought the country alarmingly close to 400,000 new claims a week, a benchmark that signals deeper troubles in the economy. Read
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Consumers Spent Less Freely In April Than In The First Three Months
latimes.com 3 weeks, 5 days agoMajor chain stores post a 0.8% sales increase in April, the lowest gain of the year and short of analyst expectations of a 1.5% rise.Shoppers appeared more cautious about spending in April as cold weather and fresh concerns about the economy curbed people's urge to shop, prompting worries about a possible slowdown in spending in the summer months.
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