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Jobless claims jump, but one-month average lowest since 2000
Jobless claims jump, but one-month average lowest since 2000

Initial jobless claims jumped last week from a post-Great Recession low, but the average during the previous month was the best since 2000 for the volatile but closely watched barometer of the labor market. About 283,000 people filed for first-time unemployment benefits in the week ended Saturday, up 17,000 from the previous week's upwardly revised level, the Labor Department said Thursday. Economists had forecast claims would rise to 285,000 after a sharp drop the previous week to the lowest point not only since the Great Recession but since April 2000. Jobless claims can fluctuate widely from week to week. So economists often focus on the less-volatile four-week average, which...

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