2 November 2001, 10:10  Initial claims for U.S. state unemployment fell by 10,000

to 499,000 in the Oct. 27 week, after a slight upward revision to the previous week, the Labor Department said Thursday. Initial claims came in just under analysts' expectations, but continuing claims hit another 18-year high and pushed the seasonally adjusted insured unemployment rate up to 2.9%, a new 9-year high.

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