Nov 5th, 2009 - The Seattle Times
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Stock futures are higher after the government reported a bigger-than-expected drop in workers seeking unemployment benefits.
The Labor Department said initial claims for jobless benefits fell to 512,000 last week, the lowest level since January. Economists had expected 523,000 new claims.
The report offered investors fresh hope that the government's monthly report on employment Friday may come in better than expected. Economists expect the unemployment rate to have risen to 9.9 percent in October.
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