Thursday, May 20, 2010

Jobless claims rise by largest amount in 3 months ‎

So much for Obama's stimulus plan.

New claims for US unemployment benefits have risen for the first time in five weeks, official data showed Thursday.

The Labor Department said initial jobless claims totaled 471,000 in the week ending May 15, up 25,000 or 5.6 percent from the prior week's revised figure of 446,000.

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