Unemployment Benefits

Jobless Claims Up 18,000 Last Week

More than expected

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Initial jobless claims jumped by 18,000 last week, but remained at a level that indicates moderate labor market growth.

There were 354,000 people who filed for first-time unemployment benefits in the week ending Saturday, up from a revised 336,000 the previous week, which was near a five-year low, the Labor Department said Thursday.