Jobless Claims Surge by Larger-Than-Expected Amount

By: Associated Press Email
By: Associated Press Email

Washington (AP) The number of newly laid off workers filing claims for unemployment benefits soared last week.

The labor department reports that claims for unemployment benefits rose by 35,000 to 380,000. Private economists had expected claims would rise by a smaller 18,000.

The report on jobless claims came a day ahead of a report on unemployment for April. Economists expect that report will show that the unemployment rate edged up to 5.2 percent in April, from 5.1 percent in March. The economy is expected to lose 70,000 jobs, the fourth straight month of job losses.


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