Unemployment Claims Rise
The number of Americans filing new claims for jobless benefits unexpectedly rose last week, suggesting the labor market is healing too slowly to make much of a dent in the unemployment rate.
Initial claims for state unemployment benefits rose 4,000 to a seasonally adjusted 372,000, the Labor Department said on Thursday. That was the highest level in five weeks.
The data keep pressure on President Barack Obama ahead of his November re-election bid. His Republican challenger is trying to focus voters' attention on a lofty unemployment rate that has dogged Obama's presidency.