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September 27, 2012

Layoffs slow, as weekly jobless claims drop by 26,000

by Rylan Stewart

Layoffs eased during the week of September 22, as initial jobless claims fell to 359,000 from an upward revised level of 385,00 the previous week. The Labor Department report shows jobless claims at the lowest level since late July. The four-week average sits at 374,000.

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