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Jobless claims rise
Initial claims for unemployment insurance climb by 13,000 after string of strong reports.
May 13, 2004: 8:43 AM EDT

NEW YORK (CNN/Money) - The number of Americans filing for unemployment assistance rose by 13,000 last week, the government reported, coming in above economists' estimates.

Initial claims for unemployment insurance came in at 331,000 in the week ended May 8, from a revised 318,000 the previous week, the Labor Department reported.

Economists had expected initial claims of 325,000, according to Briefing.com.

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The jobless claims report is the first look at the job market since last Friday's stronger-than-expected payroll report, which showed that companies added 288,000 jobs in April after adding 337,000 in March.

Signs of recovery in the job market have accompanied a slew of strong economic reports from the retail, purchasing and manufacturing sectors, heightening anticipation for an interest rate hike by the Federal Reserve.

The four-week moving average, which smoothes out weekly fluctuations in the report, fell to 335,750 from a revised 343,500 the previous week, hitting the lowest level since Nov. 25, 2000.

Continued claims, the number of people drawing benefits for more than a week, rose to 2,974,000 from a revised 2,921,000 the previous week.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.