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First-time claims for
U.S. unemployment benefits saw a modest increase in the week ended February
18th, according to a report released by the Labor Department.
The report said initial jobless claims rose to 244,000, an increase of 6,000
from the previous week’s revised level of 238,000.
Economists had expected jobless claims to inch up to 241,000 from the 239,000
originally reported for the previous week.
At 11 am ET, the Energy Information Administration is due to release its report
on oil inventories in the week ended February 17th.
The Treasury Department is scheduled to announce the results of its auction of
$28 billion worth of seven-year notes at 1 pm ET.