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U.S. Jobless Claims Rise in Latest Week
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Contributor | RP |
Last Edited | RP Jun 05, 2003 05:02pm |
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Category | News |
Media | Website - Yahoo News: Iran |
News Date | Thursday, June 5, 2003 11:02:56 PM UTC0:0 |
Description | The number of people applying for U.S. initial jobless aid rose unexpectedly by 16,000 last week, a government report showed on Thursday, as gloom in the labor market persisted
The rise in claims helped push up the four-week moving average, a more reliable indication of job market health because it smoothes out the weekly volatility in the weekly figures, to 430,500 from 427,500 in the prior week.
The four-week average has been stuck above the key 400,000 mark -- a sign the labor market is struggling -- for 14 weeks. |
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