Weekly Jobless Claims Post Surprise Jump, Hit 500,000 – CNBC

Posted on August 19, 2010

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New U.S. claims for unemployment benefits unexpectedly climbed to a nine-month high last week, yet another setback to the frail economic recovery.Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 500,000 in the week ended August 14, the highest since mid-November

via Weekly Jobless Claims Post Surprise Jump, Hit 500,000 – CNBC.

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Posted in: Economy, Unemployment