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Initial Unemployment Claims Rise
BATON ROUGE, La. (AP) — The state labor department said first-time claims for unemployment insurance in Louisiana for the week ending Oct. 11 increased to 2,473 from the previous week's total of 2,081.
For the comparable week a year earlier, there were 2,513 initial claims.
The department said the week marked the start of a new quarter for new claims. That meant some claimants regained eligibility for benefits, which typically results in an increase.
The four-week moving average, a less volatile measure, increased to 2,127, from the previous week's total: 2,027.
Continued unemployment claims for the week ending Oct. 11 decreased to 18,947 compared to 19,214 the previous week.
The four-week moving average for such claims decreased to 19,450 from the previous week's average of 19,835.
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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