Markets fall fast Thursday morning

WASHINGTON, June 23 (UPI) — U.S. markets dropped sharply Thursday with the Labor Department announcing first-time jobless benefits claims escalated in the week ending last Saturday.

The Federal Reserve said Wednesday the economic recovery had slowed to “moderate” improvements and the next economic release, jobless benefits data, supported the Fed’s assessment.

First-time claims rose by 9,000 in the week in which uncertainty over Greek debt

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