WASHINGTON ( TheStreet) -- The number of first-time applicants for unemployment benefits bounced higher last week, the government said Thursday morning.

Initial jobless claims rose by 37,000 to a seasonally adjusted 464,000 for the week ending July 17, according to the Labor Department's weekly assessment. The week before, the government had originally reported claims fell to their lowest mark since August 2008 to 429,000, largely on some seasonal variations, though that mark was revised slightly lower to 427,000 in today's report.

Wall Street was looking for this report to show new claims rising to 445,000 last week from the pre-revised level.

The four-week moving average for initial claims, which offers a less erratic read on claims data, also rose by 1,250 to 456,000, though the number of those continuing on jobless benefit roles fell down to 4.487 million from 4.710 million.

--Written by Sung Moss in New York

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