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First-time jobless claims rise
In Ohio, claims fell by more than 5,000
Updated: Thursday, 04 Feb 2010, 10:54 AM EST
Published : Thursday, 04 Feb 2010, 10:54 AM EST
WASHINGTON (AP) - The number of newly laid-off workers filing initial claims for jobless benefits rose unexpectedly last week, evidence that layoffs are continuing and jobs remain scarce.
The rise is the fourth in the past five weeks. Most economists hoped that claims would resume a downward trend that was evident in the fall and early winter.
In Ohio, claims fell by more than 5,000.
The Labor Department says new claims for unemployment insurance rose nationwide by 8,000 to a seasonally adjusted 480,000. Wall Street economists had expected a drop to 460,000.
The four-week average, which smooths fluctuations, rose for the third straight week.
The number of people continuing to claim benefits was unchanged at 4.6 million.
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