WASHINGTON - The government says the number of newly laid-off workers filing first-time claims for jobless benefits rose last week, though the increase was mostly due to seasonal distortions.
The Labor Department says new claims for unemployment insurance increased by 25,000 to a seasonally adjusted 584,000, above analysts' estimates of 570,000.
A department analyst says the increase comes after claims were artificially lowered earlier this month by the timing of auto factory shutdowns, which happened earlier this year than usual.
Sunday
October 6th, 2024
9:28AM
