Posted on 10/14/2010 6:02:25 AM PDT by 1rudeboy
WASHINGTON (Reuters) - The number of people filing new claims for unemployment insurance rose to a higher-than-expected 462,000 in the latest week, the Labor Department said on Thursday, while the number of people still collecting jobless benefits fell to an almost two-year low.
First-time jobless claims rose 13,000 in the week ended October 9 from the prior week's upwardly revised 449,000 seasonally adjusted claims. The four-week average of first-time jobless benefits, which economists prefer because it smoothes out weekly fluctuations, rose 2,250 to 459,000.
Economists polled by Reuters had expected about initial 445,000 claims in the latest week.
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Of course I am. Want to come to my next Klan meeting? I have to warn you, though: our last treasurer turned out to be gay. How did we find out? He ordered us Laura Ashley sheets. But I must say: they fit perfectly.
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