RTTNews - While the Labor Department released a report on Thursday showing a modest decrease in first-time claims for unemployment benefits in the week ended August 29th, the decrease followed an upward revision to previous week's initial jobless claims.

The report showed that jobless claims edged down to 570,000 from the previous week's revised figure of 574,000. Economists had been expecting jobless claims to slip to 564,000 from the 570,000 originally reported for the previous week.

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