Tags: US | Jobless | Claims

First-Time Jobless Claims Rise Unexpectedly

Thursday, 04 Feb 2010 08:48 AM

 

Share:
  Comment  |
   Contact Us  |
  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 This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  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:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

IRS Union PAC Gave 94 Percent of Donations to Democrats

Wednesday, 30 Jul 2014 12:10 PM

The PAC that is an extension of the union representing Internal Revenue Service employees donated 94 percent of its tota . . .

Patent Office Workers Paid to Exercise, Do Laundry, Shop Online

Wednesday, 30 Jul 2014 11:35 AM

Paralegals hired by the U.S. Patent and Trademark Office to handle a backlog of appeals and cases were actually paid mor . . .

Microsoft Fighting US Government Over Consumer Email Privacy

Wednesday, 30 Jul 2014 11:31 AM

Computer giant Microsoft is taking on the U.S. government in a battle to protect the privacy of cellphone and computer u . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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