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A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended February 23rd.
The report said initial jobless claims climbed to 225,000, an increase of 8,000 from the previous week's revised level of 217,000.
Economists had expected jobless claims to edge up to 220,000 from the 216,000 originally reported for the previous week.
