Economic Report: U.S. jobless claims climb to 248,000 after big increases in Michigan and New York

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The numbers: The number of Americans who applied for unemployment benefits last week rose to 248,000, putting them close to a two-year high.

Most of the increase took place in a few states, including Michigan and New York, and might partly reflect annual summer retooling at automobile plants.

New jobless claims advanced by 12,000 from a revised…