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Jobless claims rise to 320,000


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2561085Washington Examiner:

First-time claims for unemployment benefits rose to 320,000 for the week ending February 28, the Labor Department reported Thursday.

 

The number was well above the roughly 295,000 expected by Wall Street and higher than the 313,000 reported the previous week. It was the highest mark since May of 2014.

 

The four-week moving average for claims rose from294,500 to304,750.

 

The weak readings for the past two weeks come amid tough winter conditions in some states that may have slowed commerce. Just one state, however, with an unusual number of unemployment claims in the latest week attributed the rise to inclement weather: Kentucky.

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