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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2 comments:
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...
I 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.
Seems like every time a new place opens up, two shut down.
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