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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Hope Praytochange who wrote (86076)6/17/2010 9:15:19 AM
From: FJB1 Recommendation  Read Replies (2) of 224774
 
Weekly Jobless Claims Rise by 12,000 to 472,000 Total Claims, Highest Level in a Month

Associated Press

- June 17, 2010

The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that hiring remains weak.

WASHINGTON -- The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that hiring remains weak.

The Labor Department says initial claims for jobless benefits rose by 12,000 to a seasonally adjusted 472,000, the highest level in a month. Economists had expected claims would fall to a seasonally adjusted 450,000, according to Thomson Reuters.

First-time claims have hovered near 450,000 since the beginning of the year after falling steadily in the second half of 2009. That has raised concerns that hiring is lackluster and could slow the recovery.

The number of people continuing to claim benefits rose by 88,000 to 4.57 million.
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