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U.S. Weekly Jobless Claims Rise Much More Than Expected

First-time claims for U.S. unemployment benefits showed a notable increase in the week ended April 7th, according to a report released by the Labor Department on Thursday, with the data raising some concerns about the outlook for the jobs market.

The report showed that initial jobless claims rose to 380,000 from the previous week's revised figure of 367,000. Economists had expected jobless claims to edge up to 359,000 from the 357,000 originally reported for the previous week.

by RTT Staff Writer

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