New claims for unemployment benefits rose unexpectedly last week, boosting concerns that the job market recovery was stalling.
The Labor Department reported Thursday that seasonally-adjusted initial jobless claims rose by 13,000 to 380,000 in the week ended April 7. It was their highest level since January.
The four-week moving average, considered a more accurate gauge of job market trends, gained 4,250 to 368,500.
Economists polled by Reuters had forecast initial claims falling to 355,000 last week.
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oh no; this can't be. that's not what our government is telling us. obama is not supposed to let this happen. after all he's our "all in all". NOT...
ReplyDeleteI just got approved for a 34 week unemployment extention. I really thought I would have had a job by now. It's not pretty out here.
ReplyDeleteSeems like every time a new place opens up, two shut down.