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Jobless claims rise
New weekly claims for unemployment come in unexpectedly higher than Wall Street forecasts.
February 12, 2004: 8:36 AM EST

NEW YORK (CNN/Money) - New jobless claims rose in the United States last week, the government said Thursday, missing Wall Street expectations.

The Labor Department said 363,000 people filed new claims for state unemployment benefits in the week ended Feb. 7, up from a revised 357,000 the prior week. Economists, on average, expected 345,000 new claims, according to Briefing.com.

The four-week moving average of new claims, which irons out the volatility of the weekly data, rose to 350,500 from a revised 345,500 the prior week.

Continued claims, the number of people out of work for a week or more, fell to 3.08 million for the week ended Jan. 31, the latest data available, from a revised 3.1 million the prior week.  Top of page




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