Jobless claims rose 37,000 last week

WASHINGTON Thu Jul 22, 2010 8:44am EDT

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WASHINGTON (Reuters) - New U.S. claims for jobless benefits climbed more steeply than anticipated last week, according to a Labor Department report on Thursday that further underlined the drag on economic activity from persistently weak job markets.

Initial claims for state unemployment benefits rose 37,000 to a seasonally adjusted 464,000 in the week ended July 17, the department said, more than erasing a decline in the prior week that included the Independence Day holiday.

Analysts polled by Reuters had forecast claims would rise 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.

The report covered the survey week for government's closely monitored employment report for July, which is scheduled for release early next month.

A Labor Department official said there were no special factors affecting the numbers, but noted that the Independence Day holiday could have caused a backlog in processing applications.

(Reporting by Lucia Mutikani; Editing by Neil Stempleman)

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Comments (4)
harmonyaudio wrote:
Creating jobs should have been a day one issue with this administration. Clearly they addressed Obama’s personal Socialist agenda first and the American people have continued to suffer as a result. Don’t worry though they will will give them our taxpayer money that we don’t have for up to 99 weeks to boost the economy.

Jul 22, 2010 8:49am EDT  --  Report as abuse
bizman45 wrote:
Another “unexpected” bit of bad news. Well if the mainstream media would get their heads out of their A## then maybe we would be getting the real info on our “recovery”. The media has got to stop proping up the current loser administration.

Jul 22, 2010 9:08am EDT  --  Report as abuse
bizman45 wrote:
This “unexpected” job loss media snowjob has been going on ever since obozo started running the white house.

Jul 22, 2010 9:11am EDT  --  Report as abuse
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