New claims for jobless benefits hit the highest level since late June last week and a gauge of New York state factory activity contracted in September, sustaining the view the Federal Reserve would take new action to boost growth...Please bookmark!
The number of Americans filing new claims for state unemployment aid rose unexpectedly to 428,000 in the week ended September 10 from a revised 417,000 in the prior week, the Labor Department said.
It was the second straight weekly increase and took initial claims to their highest level since the week ended June 25. Wall Street analysts expected a modest dip in new claims.
Separately, the New York Federal Reserve Bank said its "Empire State" general business conditions index fell to minus 8.82 in September -- its lowest level since November -- from minus 7.72 the month before. It was the fourth straight month factory activity in the state contracted.
Thursday, September 15, 2011
Jobless Claims Rise "Unexpectedly" to 428,000
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