New claims for U.S. unemployment benefits were unchanged last week, remaining at the same elevated level due to the struggling economy, the government said Thursday.
The Labor Department said new claims for jobless benefits for the week ending Oct. 25 stood at a seasonally adjusted 479,000, the same as the previous week and above analysts' estimates of 475,000.
The four-week average, which smooths out fluctuations, was 475,500, down 5,000 from the previous week's total.
The number of people continuing to claim unemployment benefits also improved, falling 12,000 to 3.72 million.
Separately, the Commerce Department said Thursday that the …
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