Data point to a recovery that may be digging itself in
WASHINGTON - The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, but a surprise narrowing in the trade gap in October suggested the economic recovery was becoming entrenched.
Initial claims for state unemployment insurance rose 17,000 to 474,000 last week, the Labor Department said on Thursday, after five straight weeks of declines.
Analysts polled by Reuters had forecast claims climbing but only to 460,000. A Labor Department economist said claims had been bumped up by seasonal industries laying people off and by applications that had been held back during the Thanksgiving holiday week.
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1 comment:
unemployment is really bad all over and it just is hell in Florida how they treat people and make them wait so damn long a shame.
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