Labor Department finds claims jump by 18,000 — a sign hiring remains flat
The number of newly laid-off workers seeking unemployment benefits rose last week, a sign that jobs remain scarce even as the economy recovers.
The Labor Department said first-time claims increased by 18,000 to a seasonally adjusted 460,000. That's worse than economists' estimates of a drop to 435,000, according to a survey by Thomson Reuters.
The report covers the week that includes the Easter holiday, and a Labor Department analyst said seasonal adjustment for that week can be difficult since the Easter holiday occurs in different weeks each year.
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2 comments:
Unexpected only for morons!
who said the economy is recovering?
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