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Jobless Claims in U.S. Unexpectedly Jump
Posted By kurtnimmo On May 5, 2011 @ 9:30 am In Economic Crisis,Tile | Comments Disabled
Alex Kowalski and Shobhana Chandra
May 5, 2011
The number of claims for U.S. unemployment benefits unexpectedly rose last week, pushed up by auto-plant shutdowns and other unusual events that seasonal variations failed to take into account, the Labor Department said.
Applications for jobless benefits jumped by 43,000 to 474,000 in the week ended April 30, the most since August, Labor Department figures showed today. A spring break holiday in New York, a new emergency benefits program in Oregon and auto shutdowns caused by the disaster in Japan were the main reasons for the surge, a Labor Department spokesman said as the data was released to the press.
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