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Jobless claims increase less than expected - Business

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Jobless claims increase less than expected

Posted: Friday, October 5, 2012 9:22 am

U.S. stocks closed higher Thursday as jobless claims increased less than expected, and European policy makers held borrowing costs at record lows.

Investors are looking forward to monthly employment data due out today, which will report how many jobs were created in September and whether the 8.1 percent unemployment rate went up or down.

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