Thursday, July 22, 2010

Thursday Is New Jobless Day

Still quite high...

Initial claims for state unemployment benefits rose 37,000 to a seasonally adjusted 464,000 in the week ended July 17, the Labor Department said on Thursday, more than erasing a decline in the prior week.

Analysts polled by Reuters had forecast claims rising to 445,000 from the previously reported 429,000 in the July 10 week, which was revised slightly down to 427,000 in Thursday's report.