New US jobless claims higher than expected at 669,000 in week
Hurriyet Daily News with wires
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The Labor Department said initial claims for unemployment insurance rose to a seasonally adjusted 669,000 from the previous week’s revised figure of 657,000.
That total is above analysts expectations and is the highest in more than 26 years, though the work force has grown by about half since then.
The tally of laid-off workers claiming benefits for more than a week rose 161,000 to 5.73 million, a 10th straight record-high and also worse than analysts expected.
