Jobless Claims Rise By Larger-Than-Expected Amount
WASHINGTON D.C. (AP) — The number of newly laid off workers filing for unemployment benefits rose last week to the highest level in nearly two months. It was another sign that the weak economy is having an adverse impact on the labor market.
The Labor Department said Thursday that applications for jobless benefits totaled 378,000 last week. That was an increase of 22,000 from the previous week. It was a far bigger increase than had been expected.
The four-week average for new claims rose to 365,250, which was the highest level since a flood of claims caused by the 2005 Gulf Coast hurricanes.