Weekly Jobless Claims Increase To 444,000

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12:43 GMT

Sep 2008

Weekly Jobless Claims Increase To 444,000

(RTTNews) - Initial jobless claims showed an unexpected increase in the week ended August 30, according to a report released by the Department of Labor on Thursday, with the data likely to raise concerns about the strength of the monthly employment report.

The report showed that jobless claims rose to 444,000 from the previous week’s revised figure of 429,000. Economists had expected jobless claims to fall to 420,000 from the 425,000 from the originally reported for the previous week.

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