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Jobless Claims in U.S. Increased by 10,000 to 383,000

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Jobless Claims in U.S. Increased by 10,000 to 383,000
By Timothy R. Homan - May 31, 2012 8:50 AM ET .

The number of Americans applying for unemployment insurance payments rose last week to a one-month high, a sign that progress in reducing joblessness may be stalling.

First-time claims for jobless benefits increased by 10,000 to 383,000 in the week ended May 26 from a revised 373,000 the prior week, the Labor Department said today. The initial claims exceeded the median estimate of 370,000 in a Bloomberg News survey of economists. The number of people on unemployment benefit rolls dropped.

more @ Bloomberg.com

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