Initial Jobless Claims Are Higher Than Expected

The AP reported this morning that the government says new claims for unemployment benefits jumped to their highest level in more than 26 years. The Labor Department says the number of laid-off workers seeking jobless benefits rose last week to a seasonally adjusted 626,000, from the previous week’s upwardly revised figure of 591,000. The latest total is far more than analysts’ expectations of 583,000.

 

http://finance.yahoo.com/news/New-jobless-claims-jump-more-apf-14262044.html