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First-time jobless claims rise by 38,000

WASHINGTON, Jan. 31 (UPI) -- The U.S. Labor Department said first-time jobless benefits claims rose by 38,000 in the week that ended Saturday.

Initial claims for unemployment benefits had dipped to pre-recession levels in the previous two weeks with a decline of 42,000. The latest week erased most of that gain.

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The department said Thursday that the previous week's estimate of 330,000 was left unrevised.

For the week ending Saturday, total first-time unemployment benefits claims came to 368,000. The four-week rolling average for the week increased by 250 to 352,000.

In the current week, the unadjusted advance number of first-time unemployment benefits claims under state programs totaled 366,596 for the week, a 70,429 drop from the previous week, the Labor Department said.

For the comparable week of 2012, there were 422,287 initial claims.

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