Reply #10: 244K created in one month,, but 474K new jobless claims one WEEK, the job market is not improving

[stockholmer]

Source: Reuters

(Reuters) - New U.S. claims for unemployment aid unexpectedly rose last week to touch their highest level in eight months, pushed up by factors ranging from spring break layoffs to the introduction of an emergency benefits program, a government report showed on Thursday.

Initial claims for state unemployment benefits rose 43,000 to a seasonally adjusted 474,000, the highest since mid-August, the Labor Department said

Economists polled by Reuters had forecast claims dropping to 410,000. The prior week's figure was revised up to 431,000 from the previously reported 429,000.

The four-week moving average of unemployment claims, a better measure of underlying trends, increased 22,250 to 431,250, the highest since November.

http://www.reuters.com/article/2011/05/05/us-usa-economy-idUSTRE73D8GJ20110505



http://www.dol.gov/opa/media/press/eta/ui/eta20110624.htm