Weekly U.S. jobless claims rise to 427,000

And the beat "unexpectedly" goes on...

WASHINGTON (MarketWatch) - U.S. applications for unemployment compensation increased by 1,000 to a seasonally adjusted 427,000 in the week ended June 4, according to the Labor Department. Economists surveyed by MarketWatch had expected new requests to decline to 419,000. Initial claims from two weeks ago were revised up to 426,000 from an originally reported 422,000. The average of new claims over the past four weeks, meanwhile, dipped 2,750 to 424,000.