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July 21, 2011
Obamanomics Update: 'U.S. jobless claims rise 10,000 to 418,000'
Topics: Political News and commentariesAnd, as you might have already guessed, the rise is worse than expected:
WASHINGTON (MarketWatch) - New applications for unemployment benefits rose last week by 10,000 to a seasonally adjusted 418,000, the U.S. Labor Department said Thursday. Economists surveyed by MarketWatch has expected new requests for jobless benefits to fall to 403,000 in the week ended July 16. Claims in the prior week were revised up to 408,000 from an original reading of 405,000.The current unemployment rate is 9.2%.
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Posted by Richard at July 21, 2011 8:33 AM
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