MarketWatch: Initial weekly jobless claims up 44,000 as eligibility found

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Initial weekly jobless claims up 44,000 as eligibility found

By Ruth Mantell

WASHINGTON (MarketWatch) -- First-time jobless claims for state unemployment benefits for the week ended July 26 rose 44,000 to 448,000 - an unusually high gain as the government moved to enroll workers in a new extended federal benefits program and found some percentage qualified for regular benefits, the Labor Department reported Thursday. The data is probably not comparable to recent numbers, and this effect will raise claims for several weeks, according to the government. The four-week moving average of initial claims rose 11,000 to 393,000. Meanwhile, the number of Americans receiving state jobless benefits rose 185,000 to 3.28 million in the week ending July 19. The four-week moving average of continuing claims rose 42,750 to 3.17 million.


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