NEW YORK (AP) — Renewed worries about the health of the job market weighed on stocks Thursday after the government reported an unexpected jump in unemployment claims.
The Labor Department said that first-time claims for unemployment benefits rose to 474,000 last week, the highest level in eight months. Forecasters didn't see it coming. Economists had expected claims would drop to 410,000.
The report raised fears about Friday's monthly jobs report.
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