New claims for jobless benefits rise sharply

[Karmadillo]

http://finance.yahoo.com/news/New-claims-for-jobless-apf-1639241920.html?x=0&sec=topStories&pos=1&asset=&ccode=

WASHINGTON (AP) -- The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that the pace of layoffs has not slowed.

Initial claims for jobless benefits rose by 12,000 to a seasonally adjusted 472,000, the Labor Department said Thursday. It was the highest level in a month.

First-time jobless claims have hovered near 450,000 since the beginning of the year after falling steadily in the second half of 2009. That has raised concerns that hiring is lackluster and could slow the recovery.

Still, the four-week average for unemployment claims, which smooths volatility, dipped slightly to 463,500. That's down by 3,750 from the start of January.

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[Starry Messenger]

1. kick.

[uponit7771]

2. Typical summer numbers, of course AP would make this top news cause they're assholes...

[Statistical]

4. Aren't jobless claim numbers are seasonally adjusted? n/t

[flyarm]

5. whattttttttttt?????? summer is when college kids and grads get hired..

wtf are you talking about??????/

[OhioChick]

6. "Typical summer numbers?"

:wtf:

These numbers are awful.

[Dawgs]

3. Not exactly "sharply", but still not good.

:hi: