08 April 2010

Unemployment Strikes!

AP:

New claims for jobless benefits increase unexpectedly, while total benefit rolls drop

Christopher S. Rugaber, AP Economics Writer, On Thursday April 8, 2010, 9:09 am

WASHINGTON (AP) — The number of newly laid-off workers seeking unemployment benefits rose last week, a sign that jobs remain scarce even as the economy recovers.

The Labor Department said Thursday that first-time claims increased by 18,000 in the week ending April 3, to a seasonally adjusted 460,000. That’s worse than economists’ estimates of a drop to 435,000, according to a survey by Thomson Reuters.

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