Initial Jobless Claims Increase By 1,000



Click Here!


 Updated:
6/9/2011 8:40:00 AM

Initial jobless rose by 1,000 to 427,000 last week, the Labor Department said Thursday.

Economists had forecast the rate to drop to 419,000, Bloomberg reported.

The four-week moving average, a less volatile measure, fell to 424,000 from 426,750 last week.

Continuing jobless claims for the previous week ended May 28 fell by 71,000 to 3.68 million, Labor said.



Click Here!




© 2010, Transport Topics Publishing Group. All rights reserved.

RELATED ARTICLES

OTHER NEWS BRIEFS

Click Here!

JOIN OUR NEWSLETTER
We'll deliver tax strategies to your inbox from our CPA firm.
We hate spam. Your email address will not be sold or shared with anyone else.