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US Jobless Number increased…

The U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending February 20 increased by 10,000 to a seasonally adjusted 272,000 from the previous week’s total of 262,000. Analysts expected jobless claims to rise by 8,000 to 270,000 last week.

However claims have been below the 300,000 for almost a year, pointing to improvement in labor market.

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