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Jobless Claims Fall 8,000 During Sandy

(CNN) — First-time claims for unemployment fell last week, as Hurricane Sandy led to power outages and closed offices on the East Coast.

The government says about 355-thousand people filed for first-time jobless benefits last week, down eight-thousand from the week before.

It’s the lowest level in a month, but economists say the fall is almost entirely due to the extreme weather conditions.

Claims are likely to head higher in the next weekly report.


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