New Jobless Claims Unexpectedly Rise Above 400k
April 14, 2011 at 09:40 AM EDT
New filings for jobless benefits rose by 27,000 on a seasonally adjusted basis last week—the biggest weekly increase in nearly two months. New claims, as a result, moved above the 400,000 mark for the first time in five weeks. It all adds up to a disappointment, but it’s too soon to wave the white flag. [...]