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News > Economy
U.S. jobless claims rise
July 5, 2001: 9:02 a.m. ET

Weekly claims edge higher but remain below 400,000 for second week
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NEW YORK (CNNfn) - New jobless claims rose in the United States last week and came in a bit higher than Wall Street forecasts, according to a government report Thursday, pointing to continued weakness in the nation's job market.

New claims for state unemployment benefits rose to 399,000 last week from a revised 392,000 the prior week, the Labor Department reported. Analysts surveyed by Briefing.com had forecast new claims of 393,000.

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But the four-week moving average of new claims, considered a better gauge of jobless trends, fell to 407,500 from the previous week's revised number of 417,500. Economists watch the four-week moving average more closely since it smoothes fluctuations in the weekly data.

Continued claims -- those by workers who already have claimed at least a week of benefits rose to 3.03 million in the week ended June 23, the highest reading in 8-1/2 years. The data, the latest available, came after a revised reading of 2.98 million the prior week. graphic

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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.