U.S. initial jobless claims rise 18,000 last week
The number of U.S. workers filing new claims for unemployment insurance rose unexpectedly last week, reflecting seasonal volatility, according to a government report on Thursday.
Initial claims for state unemployment benefits rose 18,000 to a seasonally adjusted 460,000, the Labor Department said.
Analysts polled by Reuters expected claims to edge down to 435,000 from a previously reported 439,000 the prior week.
A Labor Department official attributed the rise in claims to seasonal volatility, mainly from the Easter holiday, and noted there were shutdowns in two states. A holiday on March 31 in California also had an effect on claims, he said.
(Reporting by Lucia Mutikani; editing by Jeffrey Benkoe)
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