Thanks Barack… Jobless Claims Up 9,000

U.S. Initial Jobless Claims Rise More Than Expected – Forex Pros

The number of people who filed for unemployment assistance in the U.S. last week rose more than expected, official data showed on Thursday.

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In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending August 12 rose by 9,000 to a seasonally adjusted 408,000, higher than the expected increase of 400,000.

The previous week’s figure was revised up to 399,000 from 395,000.

Continuing jobless claims in the week ended August 6 rose to 3.702 million from a revised 3.695 million in the preceding week. Analysts had expected continuing jobless claims to rise to 3.700 million.

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