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Recovery at risk in US as  jobless claims rise

The US labour market is faltering again, with new unemployment claims rising last week to their highest level in eight months.

First-time claims rose by 43,000 to 474,000, according to data released by the US labour department on Thursday, compared with 410,000 forecast by analysts.

The wobble in jobless claims, on top of slower growth in services, raises the risk of a stall in the US recovery such as that which drove the Federal Reserve to a fresh $600bn programme of asset purchases last summer.

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