Thursday, June 14, 2012

US unemployment aid applications rise to 386K

Another "summer of recovery"
WASHINGTON (AP) — More Americans sought unemployment aidlast week, suggesting hiring remains sluggish.
The Labor Department said Thursday that weekly unemployment benefit applications rose 6,000 to a seasonally adjusted 386,000, an increase from an upwardly revised 380,000 the previous week.

The four-week average, a less volatile measure, rose for the third straight week to 382,000. That's the highest in six weeks.
The 65th upward revison in 66 weeks. See a pattern?

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