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A report released by the US Labor Department on Thursday showed first-time claims for unemployment benefits rebounded by more than expected in the week ended November 7. The Labor Department said initial jobless claims climbed to 200,000, an increase of 9,000 from the previous week's revised level of 191,000. Economists had expected jobless claims to rise to 195,000 from the 189,000 originally reported for the previous week. The bigger-than-expected rebound comes a week after jobless claims dropped to their lowest level since hitting a multi-decade low of 189,000 in the week ended July 18th.
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