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Jobless claims show unexpected increase despite relaxed economic restrictions

March 18, 2021


First-time claims for jobless benefits showed an unexpected jump to 770,000 as the labor market tries to recover from the Covid-19 pandemic that sent more than 22 million Americans to the unemployment line a year ago, the Labor Department reported Thursday.

Economists surveyed by Dow Jones had been looking for a total of 700,000 for the week ended March 13. The total represented an increase from the previous week’s upwardly revised 725,000.

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