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First-time claims for U.S. unemployment benefits saw a modest decrease in the week ended October 22nd, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims edged down to 258,000, a decrease of 3,000 from the previous week's revised level of 261,000.
Economists had expected jobless claims to dip to 255,000 from the 260,000 originally reported for the previous week.
