Monday, April 23, 2012

Weekly Jobless Claims Hit Higher Level Than Expected

CNBC by Reuters
View Original Article HERE

New U.S. claims for unemployment benefits fell less than expected last week, according to a government report on Thursday that could dampen hopes of a pick-up in job creation in April after March's slowdown.
Initial claims for state unemployment  benefits slipped 2,000 to a seasonally adjusted 386,000, the Labor Department said. But the prior week's figure was revised up to 388,000 from the previously reported 380,000.
The four-week moving average for new claims, considered a better measure of labor market trends, rose 5,500 to 374,750.   MORE.................

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