New Jobless Claims Jump To 474K
The number of people applying for unemployment benefits surged last week to the highest level in eight months, a sign that the job market continues to struggle to gain any momentum.
The Labor Department said Thursday that applications rose by 43,000 to 474,000 in the week ended April 30, the third increase in four weeks. The four-week average, a less volatile measure, rose for the fourth consecutive week to 431,250.
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