Weekly Jobless Claims Rise To 473,000

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First-time claims for unemployment benefits unexpectedly increased in the week ended February 13th, according to a report released by the Labor Department on Thursday, with the data likely to offset some of the recent optimism about the outlook for the labor market.

The report showed that initial jobless claims rose to 473,000 from the previous week's revised figure of 442,000. The increase came as a surprise to economists, who had expected jobless claims to edge down to 438,000 from the 440,000 originally reported for the previous week.

First-time claims for unemployment benefits unexpectedly increased in the week ended February 13th, according to a report released by the Labor Department on Thursday, with the data likely to offset some of the recent optimism about the outlook for the labor market. (Market News Provided by RTTNews)