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Initial jobless benefit claims drop

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Missouri Governor Jay Nixon (C) is joined by representatives of General Motors and leaders from General Motors Wentzville Assembly Plant, for the official groundbreaking of a $380 million expansion projec that is creating 1,660 new local auto manufacturing jobs in Wentzville, Missouri on May 21, 2012. The 500,000 square-foot addition to the Wentzville Assembly Plant will help GM house its new production line for the completely redesigned, mid-size Colorado pickup truck, which will create 1,260 of the new jobs at the facility. In addition, GM is also adding a second shift of 400 workers to produce two of GMÕs current products, the Chevrolet Express and GMC Savana vans, to meet market demand. In total, these expansions will bring GMÕs Wentzville workforce to more than 3,000 workers once Colorado production in underway in 2014. UPI/Bill Greenblatt
Missouri Governor Jay Nixon (C) is joined by representatives of General Motors and leaders from General Motors Wentzville Assembly Plant, for the official groundbreaking of a $380 million expansion projec that is creating 1,660 new local auto manufacturing jobs in Wentzville, Missouri on May 21, 2012. The 500,000 square-foot addition to the Wentzville Assembly Plant will help GM house its new production line for the completely redesigned, mid-size Colorado pickup truck, which will create 1,260 of the new jobs at the facility. In addition, GM is also adding a second shift of 400 workers to produce two of GMÕs current products, the Chevrolet Express and GMC Savana vans, to meet market demand. In total, these expansions will bring GMÕs Wentzville workforce to more than 3,000 workers once Colorado production in underway in 2014. UPI/Bill Greenblatt 
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Published: June 7, 2012 at 2:17 PM

WASHINGTON, June 7 (UPI) -- First-time jobless claims fell by 12,000 in the week ended Saturday, the U.S. Labor Department said.

Initial claims for unemployment benefits dropped to 377,000 from the previous week's revised estimate of 389,000.

The four-week rolling average, which gives a steadier indication of the direction of jobless claims rose by 1,750 to 377,750.

The largest increases in initial claims for the week ending May 26 were in Georgia (up by 2,078), Tennessee (up by 1,983) and Missouri (up by 1,898). The largest decreases were in Texas (down by 376), North Carolina (down by 371) and California (down by 344).

The U.S. unemployment rate is 8.2 percent, having risen 0.1 of a percentage point from April to May.

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