Jobless claims dip - remain at high level

Too many. For some reason, the powers that be think that only 600k jobs lost is an improvement.

NEW YORK (CNNMoney.com) -- The number of Americans filing for first-time unemployment benefits last week edged off a 26-year high, but was greater than expected, according to a government report released Thursday.

In addition, the number of workers receiving unemployment checks for one week or more spiked by 11,000 to reach a record high of 4.8 million for the week ending Jan. 31, the most recent data available.

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