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U.S. applications for jobless benefits rise 25,000

U.S. applications for jobless benefits rise 25,000 (by Jeffry Bartash)

WASHINGTON (MarketWatch) - New applications for U.S. unemployment benefits rose last week by 25,000 to 410,000, the Labor Department reported Thursday. Economists polled by MarketWatch had expected initial claims in the week ended Feb. 12 to rise to a seasonally adjusted 400,000 from a revised 385,000 the week before. Continuing claims, which reflect the number of people already receiving unemployment compensation, edged up by 1,000 to a seasonally adjusted 3.91 million in the week ended Feb. 5. About 9.25 million Americans were getting some kind of state or federal benefit in the week ended Jan. 29, down about 108,500 from the prior week.