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Jobless Claims Reach Six-Month High; Foreclosures Rise 9%

HeadlineAug 13, 2010

The number of claims for first-time unemployment benefits has reached its highest level in six months. On Thursday, the Labor Department said over 484,000 initial jobless claims were filed last month, the highest number since the week ending February 20th. New figures meanwhile show foreclosures increased nine percent last month to 93,000. That’s also a six percent increase over the same period a year ago.

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