New jobless claims up sharply as layoffs persist
Alan Zibel, AP Business Writer, On Thursday June 17, 2010, 7:29 pm EDT
WASHINGTON (AP) -- The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that the pace of layoffs has not slowed.
Initial claims for jobless benefits rose by 12,000 to a seasonally adjusted 472,000, the Labor Department said Thursday. It was the highest level in a month and overshadowed a report that showed consumer prices remain essentially flat.