The number of U.S. workers
filing new claims for state unemployment benefits rose last week
to the highest in eight months, government figures showed.
Initial jobless applications increased by 83,000 to a larger-
than-expected 441,000 in the week that ended Saturday from a
revised 358,000 in the prior week, the Labor Department said.
Economists surveyed by Bloomberg News estimated claims would rise
to 380,000. The government attributed part of the increase to the
difficulty of accounting for the Thanksgiving Day holiday the
previous week.
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Last week’s total was the highest since the week ended April
13, when claims totaled 452,000. Aetna Inc., Nacco Industries
Inc., Maxtor Corp. and Humana Inc. are among companies still
eliminating workers to reduce costs. A lack of hiring indicates
the economy’s recovery will have a hard time gathering momentum,
economists said.
Bloomberg News
