Feds report lower than expected jobless claims as employment growth is slow

Jeff Coxclaims total 860,000, vs 875,000 expected

The Labor Department reported Thursday that first-time claims for unemployment insurance beat Wall Street estimates last week as the U.S. economy enters a critical new stage.

Unemployment filings totaled 860,000 for the week ended Sept. 12, as Dow Jones economists had expected 875,000, against the previous week’s upwardly revised 893,000.

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