Thursday, April 26, 2012

Jobless Claims Unexpectedly High

I expected it. But then I'm not invested into buoying Obama.
The number of Americans who filed requests for jobless benefits was virtually unchanged last week at 388,000, the U.S. Labor Department said Thursday, keeping claims near their highest level of 2012. Claims from two weeks ago were revised up to 389,000 from 386,000. Economists surveyed by MarketWatch had projected claims would drop to a seasonally adjusted 375,000 in the week ended April 21. The average of new claims over the past four weeks, meanwhile, climbed by 6,250 to 381,750, matching the highest level of the year.

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