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  U.S. Jobless Claims Rise in Latest Week
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Last EditedRP  Jun 05, 2003 05:02pm
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MediaWebsite - Yahoo News: Iran
News DateThursday, June 5, 2003 11:02:56 PM UTC0:0
DescriptionThe 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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