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US jobless claims rise more than expected
Posted: 04 November 2010 2352 hrs
A woman looks over job postings in the New York State Labour Department's Division of Employment Services.
WASHINGTON: New claims for US unemployment benefits resumed their upward climb last week with a stronger than expected surge amid a weak economic recovery, official data showed on Thursday.
Initial jobless claims rose to 457,000 in the week ending October 30, the Labour Department reported, an increase of 4.6 percent from the prior week when they had fallen close to the year's low reached on July 10.
The increase surpassed the average analyst forecast of 445,000 new claims.
Since July 10, the weekly number has had almost the same number of weeks showing gains as declines.
The Labour Department is to report October non-farm payrolls and unemployment data on Friday. According to the consensus forecast, the economy created 60,000 jobs and the unemployment rate would remain unchanged at 9.6 percent for the third consecutive month.
On Wednesday the Federal Reserve announced it would pump an additional 600 billion dollars into the economy to boost a recovery too weak to make a dent in high unemployment.
- AFP/de
Posted: 04 November 2010 2352 hrs
A woman looks over job postings in the New York State Labour Department's Division of Employment Services.
WASHINGTON: New claims for US unemployment benefits resumed their upward climb last week with a stronger than expected surge amid a weak economic recovery, official data showed on Thursday.
Initial jobless claims rose to 457,000 in the week ending October 30, the Labour Department reported, an increase of 4.6 percent from the prior week when they had fallen close to the year's low reached on July 10.
The increase surpassed the average analyst forecast of 445,000 new claims.
Since July 10, the weekly number has had almost the same number of weeks showing gains as declines.
The Labour Department is to report October non-farm payrolls and unemployment data on Friday. According to the consensus forecast, the economy created 60,000 jobs and the unemployment rate would remain unchanged at 9.6 percent for the third consecutive month.
On Wednesday the Federal Reserve announced it would pump an additional 600 billion dollars into the economy to boost a recovery too weak to make a dent in high unemployment.
- AFP/de
