U.S. Weekly Jobless Rise

Jobless claims in the U.S. rose 4,000 to 340,000 in the week ended May 7, the Labor Department said May 12.  Economists were forecasting a drop in initial claims to about 325,000.  Claims in the previous week were revised higher to a gain of 15,000 to ...
May 12, 2005

Jobless claims in the U.S. rose 4,000 to 340,000 in the week ended May 7, the Labor Department said May 12. Economists were forecasting a drop in initial claims to about 325,000. Claims in the previous week were revised higher to a gain of 15,000 to 336,000, compared with the initial estimate of a gain of 11,000 to 333,000.

The four-week moving average of new claims rose by 2,000 to 324,000 in the week.

Copyright Agence France-Presse, 2005

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