Community | November 04, 2010 | 0 comments

GLOBAL POLITICAL AWAKENING: Applications for jobless aid rise sharply

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GLOBALPOLITICAL
WASHINGTON — The number of people seeking jobless benefits jumped sharply last week, after two straight weeks of declines.

The Labor Department said Thursday that initial claims for unemployment aid rose by 20,000 to a seasonally adjusted 457,000 for the week ending Oct. 30. Wall Street analysts polled by Thomson Reuters had expected a smaller rise.

The increase comes after claims fell in four of the previous five weeks. Those drops had brought claims to their lowest level since July and raised hopes the job market was improving.

Read More: http://globalpoliticalawakening.blogspot.com/2010/11/applications-for-jobless-ai...
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