Thursday, August 05, 2010

New claims for jobless benefits rise to 479K - Yahoo! Finance

New claims for jobless benefits rise to 479K - Yahoo! Finance:

WASHINGTON (AP) -- Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies are still cutting workers.

The Labor Department said Thursday that new claims for unemployment insurance rose by 19,000 to a seasonally adjusted 479,000. Analysts had expected a small drop. Claims have risen twice in the past three weeks."

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