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April 12, 2012

Unemployment Claims in U.S. Rises to Two-Month High - Bloomberg

Filed under: money, online ads — Tags: , , , — Snowman @ 9:44 pm

More Americans than forecast filed applications for jobless benefits last week, reinforcing concern among Federal Reserve policy makers that the labor-market recovery will be slow to develop.

Unemployment claims increased 13,000 in the week ended April 7 to 380,000, the highest since Jan. 28, the Labor Department reported today in Washington. The median forecast in a Bloomberg News survey called for 355,000 claims. Other reports showed consumer confidence held near a four-year high and the trade gap narrowed more than projected.

The claims data, coming on the heels of last week

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