Initial jobless claims unexpectedly rose 13,000 to 462,000, but continuing claims plunged another 112,000 to 4.4 million, the Labor Department announced Thursday. Some of the decline in continuing claims comes from people who have exhausted their benefits, but some of it is also due to people finding work.
Economists surveyed by Bloomberg had predicted initial jobless claims would dip to 443,000….
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Initial Jobless Claims Unexpectedly Rise, but Continuing Claims Plunge originally appeared on DailyFinance on Thu, 14 Oct 2010 11:00:00.
Filed Under: Economy