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Initial jobless claims rise more than expected

Apr 16, 2015, 18:00 IST

Initial jobless claims rose more than expected last week to 294,000.

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Expectations were for claims to total 280,000, down from 281,000 last week. Last week's four-week moving average of claims fell to the lowest since June 2000.

Last week's number was also revised up slightly to 282,000.

The four-week moving average of claims rose slightly from last week's nearly 15-year low, but rose by just 250.

More to come...

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