10-18-2012, 10:52 AM
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Keeneland
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Join Date: May 2006
Location: U.S.A.
Posts: 10,072
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So much for the good news. As suspected a 'technical factor'
Quote:
WASHINGTON (AP) -- Weekly applications for U.S. unemployment benefits jumped 46,000 last week to a seasonally adjusted 388,000, the highest in four months. The increase marks a rebound from the previous week's sharp drop. Both swings were largely due to technical factors.
The four-week average of applications, a less volatile measure, rose slightly to 365,500, the Labor Department said Thursday. That's still a level consistent with modest hiring.
A department spokesman said the last two weeks' figures were distorted by seasonal adjustments the department makes
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