After reporting a sharp jump in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing that initial jobless claims pulled back by less than expected in the week ended October 12th.
The report said initial jobless claims fell to 358,000, a decrease of 15,000 from the previous week's revised figure of 373,000. Economists had expected jobless claims to drop to 335,000 from the 374,000 originally reported for the previous week.
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