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Unemployment claims rise to highest level in 8 months, signaling slowdown in job market

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Initial claims for U.S. unemployment benefits rose to 247,000 last week , up 8,000 from the week prior.

The figure exceeded economists' predictions of 235,000 claims.

Overall filings for unemployment benefits remain at historic lows.

The number of Americans receiving unemployment benefits for the week of May 24 was 1.9 million .