U.S. weekly jobless claims rise less than expected

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U.S. weekly jobless claims rise less than expected
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The number of Americans filing applications for unemployment benefits increased ...

WASHINGTON - The number of Americans filing applications for unemployment benefits increased less than expected last week, pointing to strong labor market conditions that should continue to support a moderately growing economy.

Economists polled by Reuters had forecast claims increasing to 213,00 in the latest week. The Labor Department said no states were estimated last week. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, dipped 750 to 212,250 last week.

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