Jobless Claims in U.S. Top Forecast
By Shobhana Chandra - Aug 18, 2011 8:43 AM ET .
Job seekers met with potential employers at a job fair in New York on August 16, 2011. More than 500 job people waited as long as two hours to enter the event.
More Americans than forecast filed applications for unemployment benefits last week, signaling the labor market is struggling two years into the economic recovery.
Jobless claims climbed by 9,000 to 408,000 in the week ended Aug. 13, the highest in a month, Labor Department figures showed today in Washington. Economists surveyed by Bloomberg News projected a rise in claims to 400,000, according to the median forecast. The number of people on unemployment benefit rolls rose, while those receiving extended payments fell.
Bloomberg.com
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