Jobless Claims Unexpectedly Rise to Three-Month High
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More Americans than projected filed applications for unemployment insurance last week, indicating firings remain elevated as the recovery moderated.
Initial jobless claims climbed by 19,000 to 479,000 in the week ended July 31, the most since April and exceeding the highest estimate of economists surveyed by Bloomberg News, Labor Department figures showed today in Washington. The number of people receiving unemployment benefits dropped, while those getting extended payments rose.