Jobless Claims Rise More Than Expected

March 10, 2011
Claims were up 26,000 from last week

Initial jobless claims rose to 397,000 in the week ending March 5, up 26,000 from the week before the Labor Department reported on March 10.

Claims continue to hover around their lowest levels since 2008, although Wall Street had expected last weeks number to be slightly lower, at 382,000, according to the consensus estimate.

Last week the Labor Department reported the unemployment rate dipped to 8.9% in February from 9% the month before, while the economy created a solid 192,000 jobs.

Federal Reserve chairman Ben Bernanke has said there are increasing "grounds for optimism" that the ailing jobs market will pick up this year.

Copyright Agence France-Presse, 2011

Popular Sponsored Recommendations

Discover How an Eye Tracking Study Improves Training Procedures

Oct. 29, 2023
Did you know that your training processes can be streamlined by visualizing and analyzing key skills within your employee base? Find out how we use eye tracking to capture advanced...

The Benefits of Continuous Thermal Monitoring

Oct. 17, 2023
Read this eBook to learn more about collecting and using data intelligently to improve performance.

Beware Extreme Software

Sept. 24, 2023
As a manufacturer, you understand the importance of staying ahead of the curve and being proactive in your approach to technology. With the rapid pace of change in the industry...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!