Jobless Claims Rise for Week

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Initial jobless claims rose by 25,000 last week, the Labor Department said Thursday.

The rise to 471,000 claims for the week ended Saturday was higher than economists’ forecasts of a decline to 440,000, Bloomberg said.

The four-week moving average, a less volatile measure, rose to 453,500, from 450,500 the previous week.

Continuing claims for the previous week ended May 8 fell 40,000 to 4.63 million, slightly higher than the 4.61 million that was forecast.



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