No surprise here…………………
Published: Thursday, 18 Oct 2012 | 8:35 AM ET Text Size
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.
Weekly Jobless Claims Drop Proves to Be Short-Lived