First-Time Jobless Claims Jump Again
Another indicator that Congress needs to get to work on the country's pressing unemployment problem came in the form of a Labor Department report showing a spike in the number of first-time filers for unemployment benefits last week, according to The Associated Press.
Another indicator that Congress needs to get to work on the country’s pressing unemployment problem came in the form of a Labor Department report showing a spike in the number of first-time filers for unemployment benefits last week, according to The Associated Press.
Rooted in Truth.AP via The Miami Herald:
The rise is the fourth in the past five weeks. Most economists hoped that claims would resume a downward trend that was evident in the fall and early winter.
The Labor Department said Thursday that new claims for unemployment insurance rose by 8,000 to a seasonally adjusted 480,000. Wall Street economists had expected a drop to 460,000, according to Thomson Reuters.
The four-week average, which smooths fluctuations, rose for the third straight week to 468,750.
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