US Jobless Claims Rise Unexpectedly

WASHINGTON: The number of Americans filing new claims for jobless benefits jumped unexpectedly last week to the highest level in six months, the government said on Thursday, adding to US recovery concerns.

Initial claims were well above most economists’ expectations of 465,000, climbing by 2,000 to 484,000 in the week to August 7 from the previous week’s upwardly revised figure of 482,000.

Treasuries were little changed, Most Stock markets fall.

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