US Jobless Claims Rise for Second Straight Week

The US Labor Department announced today that the number of new claimants for unemployment benefits rose for the second straight week. 484,000 new benefits requests were processed for last week – an increase of 24,000 over the previous week.

The results indicate that employment continues to lag the recovery, but a government official suggested that the Easter weekend and other seasonal adjustments are partly responsible for the increase.

Source: Associated Press

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