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New US jobless claims increase more than expected

New US jobless claims increase more than expected

New claims for jobless benefits increased more than expected last week, reflecting continued weakness in the labor market in the new year.
The Labor Department says first-time requests for unemployment insurance jumped to a seasonally adjusted 524,000 in the week ending Jan. 10, from an upwardly revised figure of 470,000 the previous week. Analysts expected 500,000 new claims.
A Labor Department analyst says the increase is partly due to a flood of requests from newly-laid off people who delayed filing claims over the holidays.


Updated : 2021-04-14 08:03 GMT+08:00