Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 465,000, the Labor Department said, breaking two straight weeks of declines.
Analysts polled by Reuters had forecast claims unchanged at 450,000. The government revised the prior week's figure up to 453,000.
Last week's claims data covered the survey period for the government's closely watched employment report for September, scheduled for release early next month.
Thursday, September 23, 2010
Well, the good news lasted a whole 2 weeks.
Posted by traderrob at 4:50 AM