New jobless claims jump unexpectedly
WASHINGTON — The number of newly laid off workers seeking unemployment benefits jumped unexpectedly last week, the government said Thursday, reversing three weeks of declines.
The Labor Department reported that new applications for unemployment insurance rose to a seasonally adjusted 444,000, up 15,000 from the previous week.
The increase indicates the slowing economy is taking its toll on the job market. Initial claims stood at 320,000 in the same week last year.
The number of people continuing to receive unemployment benefits also rose slightly to 3.44 million for the week ending Aug. 23, up 6,000 from the previous week. That number doesn't include people who have exhausted their regular benefits and have requested extended assistance under an emergency program.