First-time U.S. jobless claims above 400,000 for 12th straight week

06/30/2011 |

For the 12th week in a row, initial claims for unemployment benefits in the U.S. were above 400,000 last week, the Labor Department said. The seasonally adjusted figure fell slightly to 428,000. The four-week average has remained at 426,000 for a month, the department said.

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