May 26, 2011
New U.S. claims for unemployment benefits unexpectedly climbed to 424,000 last week from a revised 414,000 in the prior week, pointing to a painfully slow improvement in the nation’s job markets.
The Labor Department on Thursday revised the prior week’s claims number up from an originally reported 409,000.
Economists surveyed by Reuters had forecast that claims last week would decline to 400,000, rather than rise.
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