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Jobless claims jump by 7%

February 18, 2010

The number of U.S. initial claims for unemployment insurance for the week ended Feb. 13 rose by 31,000, or 7.0%, to 473,000 from the previous week's revised number of 442,000. The Associated Press reported economists had expected claims to fall.

The four-week moving average of claims for the week ended Feb. 13 fell by 1,500, or 0.3%, to 467,500 from the previous week's revised average of 469,000.