Tags: US | Jobless | Claims

First-Time Jobless Claims Rise Unexpectedly

Thursday, 04 Feb 2010 08:48 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

The number of newly laid-off workers filing initial claims for jobless benefits rose unexpectedly last week, evidence that layoffs are continuing and jobs remain scarce.

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 says 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.

The four-week average, which smooths fluctuations, rose for the third straight week.

The number of people continuing to claim benefits was unchanged at 4.6 million.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mike McCaul: Sony Hack Shows Need for Rules on Cyberwarfare

Thursday, 18 Dec 2014 18:19 PM

The cyberattack on Sony Pictures reveals the need for clearer rules on cyberwarfare, Rep. Mike McCaul says. . . .

Sony Hack Sheds Light on Racism in Hollywood

Thursday, 18 Dec 2014 15:40 PM

Hollywood liberals' blatant racism once again is on embarrassing display thanks to the hacking of Sony Pictures Entertai . . .

NJ, FBI Hope Cuba Deal Will Help Bring Back Cop Killer

Thursday, 18 Dec 2014 15:38 PM

New Jersey officials and the FBI hope this week's agreement to restore relations with Cuba will allow them to bring back . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved