• Jobless Claims In U.S. Drop To 2-Year Low

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    From WSJ.com:

    The number of people filing for unemployment insurance fell last week, but weak industrial output and a drop in wholesale prices point to a slowing in the economic recovery.

    Initial claims for jobless benefits fell a seasonally adjusted 29,000 to 429,000 in the week ended July 10, the Labor Department said Thursday. The four-week moving average, which smooths out weekly gyrations, fell 11,750 to 455,250.

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