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U.S. Jobless Claims Fall Less Than Expected

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October 17, 2013 AT 4:36 AM
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits dropped from a six-month high last week, but remained elevated as California continued to deal with a backlog related to computer problems. Initial claims for state unemployment benefits fell 15,000 to a seasonally adjusted 358,000, the Labor Department said on Thursday. Economists polled by Reuters had expected first-time applications to rise to 335,000 last week. ...