U.S. Weekly Jobless Claims Rise More Than Expected

Ahead of the release of the monthly jobs report next week, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits rose by more than expected in the week ended December 26th.

The report said initial jobless claims climbed to 287,000, an increase of 20,000 from the previous week’s unrevised level of 267,000. Economists had expected jobless claims to edge up to 270,000.

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