Jobless Claims Unexpectedly Rise By 25,000
May 20, 2010 at 08:40 AM EDT
The DOL reports that in the week ending May 15, the advance figure for seasonally adjusted initial claims was 471,000, an increase of 25,000 from the previous week’s revised figure of 446,000. The 4-week moving average was 453,500, an increase of 3,000 from the previous week’s unrevised average of 450,500.