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Jobless Claims Rise More Than Forecast in Easter Holiday Week

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More Americans than forecast filed applications for unemployment benefits last week as the Easter holiday period made it more difficult to adjust the data for seasonal variations, Bloomberg News reported today. Jobless claims increased by 24,000 to 329,000 in the week ended April 19, the most in a month, a Labor Department report showed today in Washington, D.C. The four-week average of claims, a less-volatile measure than the weekly figure, climbed to 316,750 from 312,000 the week before, the lowest since 2007. The number of people continuing to receive jobless benefits dropped by 61,000 to 2.68 million in the week ended April 12, the fewest since December 2007.

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