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BUSINESS
Fed Warns Slow Growth Keeps Recovery From Gaining Strength
Moneynews.com
By The Associated Press
Wednesday, July 28, 2010
2:03 PM

The pace of economic activity has slowed or held steady in parts of the country, revealing a choppy path back to health.

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“Obviously, we’re not paying $500,000. This is taxpayer money,” the official said. “We have no idea how we’re going to handle this. We may have to drop [The Journal].”

New jobless claims drop again, but remain high

Thursday, July 29, 2010

WASHINGTON — New U.S. claims for unemployment benefits fell slightly more than expected last week, government data showed on Thursday, offering a ray of hope for the anemic labor market recovery.

Sluggish jobs growth remains the biggest obstacle to the economy's recovery from its longest and deepest recession since the 1930s, which showed signs of slowing down in the last couple of months.