Thursday, July 22, 2010

Jobless Claims Rise Back Toward Moving Average

I feel for these people represented in this data. They are certainly being forgotten today!

The number of U.S. workers filing new claims for unemployment benefits rose last week by more than expected, reversing declines posted the prior week and signaling there is still little improvement in job market conditions.
In its weekly report Thursday, the Labor Department said the number of U.S. workers filing initial claims for jobless benefits increased by 37,000 to 464,000 in the week ended July 17. Economists surveyed by Dow Jones Newswires had expected claims would rise by 21,000.