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U.S. Weekly Jobless Claims Rebound More Than Expected

A day ahead of the release of the more closely watched monthly jobs, the Labor Department released a report on Thursday showing a bigger than expected rebound in first-time claims for U.S. unemployment benefits in the week ended March 3rd.

The Labor Department said initial jobless claims climbed to 231,000, an increase of 21,000 from the previous week's unrevised level of 210,000. Economists had expected jobless claims to rise to 220,000.

The bigger than expected increase came after jobless claims fell to their lowest level since December of 1969 in the previous week.

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