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Initial Jobless Claims Tick Up

Sam RoSep 4, 2014, 18:00 IST

Weekly initial unemployment claims climbed to 302,000 from 298,000 a week ago.

This was a bit higher than the 300,000 expected by economists.

"Initial claims have hovered around 300k (near pre- recession lows) for the past couple of months and should continue to do so as labor markets tighten," said Nomura economists.