Unemployment Claims Jump Unexpectedly

NEW YORK (CNNMoney.com) -- The number of Americans filing for initial unemployment insurance jumped last week, the government said Thursday, with a figure that was above analysts' expectations.

There were 474,000 initial job claims filed in the week ended Dec. 5, up 17,000 from the previous week's unrevised 457,000, the Labor Department said in its weekly report.

A consensus estimate of economists surveyed by Briefing.com expected 455,000 new claims.

The government said 5,157,000 people filed continuing claims in the week ended Nov. 28, the most recent data available. That's 303,000 down from the preceding week's revised 5,460,000 claims.


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