Jobless Claims in U.S. Increased Last Week to a Six-Month High

January 21, 2016 1:31 PM

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The number of applications for unemployment benefits unexpectedly increased last week to a six-month high, indicating tempered progress in the labor market.

Initial jobless claims climbed by 10,000 to 293,000 in the week ended Jan. 16, a report from the Labor Department showed on Thursday. Last week coincided with the period that the government surveys businesses and households to calculate payrolls and the jobless rate for January.

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