Monday, 26 December 2011

Jobless Claims Rise for Week

Initial jobless claims increased by 6,000 last week to 402,000, the Labor Department said Thursday.

Economists had forecast 390,000 new claims, Bloomberg reported.

The four-week moving average, a less volatile measure, increased to 395,750, from 395,250 the previous week.

Continuing jobless claims for the previous week ended Nov. 19 rose by 35,000 to 3.74 million.


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