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U.S. Jobless Claims Unexpectedly Rise on Holiday Distortions

Bloomberg (12/19/13) Michelle Jamrisko

Jobless claims rose by 10,000 to 379,000 in the week ended Dec. 14, according to the U.S. Department of Labor. The increase was a nearly nine-month high, reflecting the fluctuation in claims that often occurs near the end-of-year holidays. Economists polled by Bloomberg had forecast a decline to 336,000. The four-week moving average rose to 353,500 from 330,250 a week earlier.