Thursday, August 23, 2012

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.

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