Initial Jobless Claims Move Higher Last Week

Washington, DC, Feb. 27, 2014 -- Initial claims for unemployment benefits rose 14,000 last week to a seasonally adjusted 348,000, according to the Labor Department.

However, the four-week average was unchanged at 338,250. The average is not far above pre-recession levels.

                                                                                                                                                                                                                                                                                                                                                                                                                         
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