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New unemployment claims report shows increase last week

CNN/Money reports: “Jobless claims in surprise increase”

The Labor Department report showed 352,000 filed for first-time benefits in the week ended June 5, compared with a revised 340,000 the previous week. . .

The latest reading increased the closely watched moving average to 346,000, up 4,750 from the previous week’s revised average of 341,250. The most recent reading is the highest weekly total in seven weeks. . . Read more

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    • Posted by George Lenard
    on June 10, 2004
    General

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