US initial jobless claims rise to 298,000

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Xinhua, Washington :
The number of Americans initially applying for unemployment aid rose last week, while the job market kept going upward.
In the week ending Dec. 27, the advance figure of seasonally adjusted initial claims for jobless benefits increased to 298,000, 17,000 more than the revised level of the previous week, the U.S. Labor Department said on Wednesday.
There were no special factors impacting this week’s initial claims, said the department.
Meanwhile, the four-week moving average, which helps smooth out week-to-week volatility, edged up by 250 to 290,750 last week. The advance figure of seasonally adjusted insured unemployment during the week ending Dec. 20 decreased 53,000 from the previous week to 2,353,000.
U.S. economy added 321,000 new jobs in November, the largest gain since January 2012, while the unemployment rate kept at a six- year low of 5.8 percent in the month, according to the data of the Labor Department.
U.S. real gross domestic (GDP) increased at an annual rate of 5 percent in the third quarter this year, higher than the second estimate of 3.9 percent, according to the final estimate released by the U.S. Commerce Department last week.
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