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Initial Jobless Claims in U.S. Rise From Seven-Month Low

The number of claims for jobless benefits rose last week from a seven-month low, signaling the rate of firings has stabilized after slowing in recent weeks, figures from the U.S Labor Department showed today.

Applications for jobless insurance increased 2,000 in the week ended Nov. 19 to 393,000, according to figures released in Washington. Economists forecast 390,000 claims, the median estimate in a Bloomberg News survey said. The number of people on unemployment insurance rolls rose and those receiving emergency benefits declined.