Initial Jobless Claims Rise to an Unexpected One-Month High

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For the week ended March 9, initial jobless claims rose by 6,000 to 229,000 based on the latest numbers from the Labor Department, which was more than the anticipated 225,000 by a Reuters poll of economists. Despite this, however, the four-week average of new jobless claims declined by 2,500 to 223,750, which reflects that the [...]

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