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More people sought unemployment benefits

The number of people applying for unemployment benefits rose back above 400,000 last week. Still, the four-week average, a more reliable gauge of the job market, fell to the lowest level since mid-April.

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WASHINGTON (AP) — The number of people applying for unemployment benefits rose back above 400,000 last week. Still, the four-week average, a more reliable gauge of the job market, fell to the lowest level since mid-April.

The report suggests that the economy is creating jobs but not nearly enough to lower the high unemployment rate.

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