Jobless Claims In U.S. Unexpectedly Rise To Three-Month High

New applications for unemployment benefits in the U.S. unexpectedly rose last week to the highest level in three months, a sign the labor market will be slow to recover.

Jobless claims increased by 25,000 to 429,000 in the week ended April 23, the most since late January, Labor Department figures showed today in Washington. The government anticipates a drop in unadjusted applications during the Good Friday holiday week, something that didn’t happen this year, a Labor Department spokesman said.

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