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A report released by the Labor Department on Thursday showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended November 25th.
The report said initial jobless claims edged down to 238,000, a decrease of 2,000 from the previous week's revised level of 240,000.
Economists had expected jobless claims to inch up to 240,000 from the 239,000 originally reported for the previous week.
