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New jobless claims jump from two-year low
By CHRISTOPHER S. RUGABER (AP) – 54 minutes ago
WASHINGTON — New jobless claims jumped last week by the most since February, reversing the previous week's sharp decline. The rise is partly a result of seasonal factors but also reflects the job market's weakness.
New claims for unemployment insurance jumped by 37,000 to a seasonally adjusted 464,000, the Labor Department said Thursday.
The sharp increase comes after claims fell steeply two weeks ago to their lowest level since August 2008. But much of that drop was driven by temporary seasonal factors and not an improving job market...