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US jobless claims rise more than expected

US jobless claims rise more than expected

Mubasher: US unemployment claims increased more than forecasts during the week ended 10 February, but continued to indicate a strong labour market.

The number of people claiming benefits grew by 7,000 to 230,000 last week, data by the US labour department on Thursday showed.

Economists had expected a slighter rise to 229,000 during the week.

Data also showed that continuing claims fell by 15,000 to 1.942 million claims in the week ended 3 February.

By 02:17 pm GMT, the EUR/USD pair climbed 0.26% to $1.2483.