New jobless claims rise to 719,000 but are likely to rise only temporarily as the economy strengthens

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The numbers: New claims for U.S. unemployment benefits spiked in late March, but are likely to start falling again as soon as the economy picks up, governments ease restrictions and companies look to hire more workers. Initial jobless claims traditionally filed across states rose from 61,000 to 719,000 in the week ending March 27, the government said Thursday.