New jobless claims rise unexpectedly to 576,000

» 1 Comment | Post a Comment

WASHINGTON — The number of newly laid-off workers filing claims for unemployment benefits rose unexpectedly for the second straight week, an indication that jobs remain scarce.

The Labor Department says the number of first-time jobless claims rose to a seasonally adjusted 576,000 last week, from a revised figure of 561,000. Wall Street economists expected a drop to 550,000, according to a survey by Thomson Reuters.

The number of people remaining on the benefit rolls dropped by 2,000 to 6.24 million. Analysts had expected a slight decline.

The four-week average of initial claims, which smooths out fluctuations, also rose for the second straight week to 570,000.

Advertisement

 
View More: latest news,jobless claims,economy,
Not what you're looking for? Try our quick search:
 

Advertisement

Reader Reactions

Flag Comment Posted by GuidoMcGinty on August 20, 2009 at 9:18 am

Unexpected?  Sure, if you’re suffering from a cranial-rectal inversion.

Post a Comment(Requires free registration)

  • Please avoid offensive, vulgar, or hateful language.
  • Respect others.
  • Use the "Flag Comment" link when necessary.
  • See the Terms and Conditions for details.
Click here to post a comment.

Advertisement

Advertisement

Online Features
Blogs
DataCenter
Videos
Weekend
 

Advertisement