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Thursday, April 08, 2010

New Jobless Claims Rose Unexpectedly Last Week

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:

Anonymous said...

Unexpected only for morons!

Anonymous said...

who said the economy is recovering?