U.S. initial jobless claims rise, but continuing claims fall

It was a statistically mixed week on the employment front with initial jobless claims rising 4,000 to 558,000, while continuing claims fell 141,000 to 6.202 million, the U.S. Labor Department announced Thursday.

Economists surveyed by Bloomberg News had expected jobless claims to fall to 550,000. Meanwhile, the four-week moving average for initial jobless claims increased 8,500 to 565,000.

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