The number of American applying for first-time jobless benefits exceeded expectations, climbing 17,000 last week to its highest level in two months, a government report showed on Thursday.
First-time initial claims rose to 327,000 last week from 310,000 in the previous week and well above Wall Street economists’ forecasts for 310,000, the Labor Department said. New claims rose to their highest level since 367,000 in the week ended Jan. 8.
U.S. Treasury securities prices struggled off their lows after the unexpected sharp rise in jobless claims. After the data, the benchmark 10-year Treasury note was up 1/32 to yield 4.52 percent.
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