US jobless claims unexpectedly rise

Financial Times:

The number of US workers claiming jobless benefits rose unexpectedly last week, casting doubt over the economy’s ability to create jobs.

Initial jobless claims climbed by 8,000 to 480,000, labour department figures showed. Economists were expecting a decline.

The less volatile four-week average of new claims also edged higher, rising by 11,750 to 468,750. Meanwhile, the number of US workers continuing to claim jobless benefits held steady at 4.6m.

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