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Thursday, October 01, 2009

New Jobless Claims Rise More Than Expected

Increase follows three weeks of slow declines


WASHINGTON - First-time claims for jobless benefits rose more than expected last week in the U.S., a sign employers are reluctant to hire and the job market remains weak.


The Labor Department says initial claims for unemployment insurance rose to a seasonally adjusted 551,000 from 534,000 in the previous week. Wall Street economists expected an increase of 5,000, according to a survey by Thomson Reuters.


Ohio reported one of the largest drops in claims.


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2 comments:

Anonymous said...

We dont need job joe, we need these roads payed!

Anonymous said...

More than expected by whom?

The state run media?

Only a complete idiot wouldn't have been able to predict to outcome of Obamanomics!