Thursday, July 19, 2012

Jobless claims rise by 34k to 386k

At least it wasn't "unexpected".
(Reuters) - The number of Americans filing new claims for unemployment benefits rebounded last week, returning to levels consistent with only modest job growth after a seasonal quirk caused a sharp drop the prior period.
Initial claims for state unemployment benefits increased 34,000 to a seasonally adjusted 386,000, the Labor Department said on Thursday. Claims had dropped by 24,000 in the prior week and a combined 36,000 over the previous two weeks.

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