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Weekly Jobless Claims Drop Proves to Be Short-Lived

18 Oct

No surprise here………………… 

Published: Thursday, 18 Oct 2012 | 8:35 AM ET Text Size

By: AP

Weekly applications for U.S. unemployment benefits jumped 46,000 last week to a seasonally adjusted 388,000, the highest in four months. The increase represents a rebound from the previous week’s sharp drop. Both swings were largely due to technical factors.

Mark Ralston | AFP | Getty Images

Unemployed Americans attend a National Career Fair

The Labor Department says the four-week average of applications, a less volatile measure, fell slightly to 365,500, a level consistent with modest hiring.

via Weekly Jobless Claims Drop Proves to Be Short-Lived – US Business News – CNBC.

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Posted by on 10/18/2012 in news

 

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