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US weekly jobless claims climb to 744,000 as unemployment remains persistently high

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The number of Americans filing for unemployment benefits ticked higher last week as hiring slowed after surging through March.

New filings for unemployment benefits totaled an unadjusted 744,000 for the week that ended Saturday, the Labor Department said. Economists surveyed by Bloomberg expected a reading of 680,000 claims. The reading marks a second straight jump and places claims at their highest level since early March.

The previous week’s reading was revised to 728,000 from 719,000.

Continuing claims, which track Americans currently receiving unemployment benefits, edged lower to 3.73 million for the week that ended March 27. That compares details ⇒

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