Recovery questioned as jobless claims jump

US Jobless Claims Jump, durable orders fall New claims for jobless benefits in the U.S. rose more than expected in the week ending Jan. 15 as harsh winter weather created a backlog of claims. Claims for U.S. unemployment. mounting concern that the recovery will falter as government agencies, businesses and consumers cut spending may prove.

Initial claims for U.S. state unemployment benefits were much lower than forecast in the September 28 week, up by a mere 1,000 to 308,000, the Labor Department reported Thursday.

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Jobless numbers jump in the US After a month of what looked to be a positive trend popping up for the American economy, jobless claims have once again surged above the 400,000 mark last week, halting hopes of a recovery from the recession. Initial jobless claims fell 36,000. pickup in the economic recovery has weighed on equities this year.

Jobless claims jump points to slowing recovery.. While the surprise jump in initial claims for unemployment benefits was blamed on factors ranging from spring break layoffs to the introduction. There have been growing worries about a weakening of the recovery in the jobs market, especially after a disappointing april jobs report that showed.

Recovery questioned as jobless claims jump Trey Garrison was a Senior Financial Reporter for His body of works are his views and his views alone.

The four-week moving average of initial jobless claims, which is less. of Americans applying for unemployment benefits jumped by the most in.

Montgomery said the 22,000-claim increase was relatively small, only about a 4% jump. "It could. holiday may also have pushed claims into the week in question. He reasoned that only about one-third.

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Jobless claims First-time applications for state unemployment benefits edged upward last week, but remained well below the 300,000 level for the 82nd consecutive week.

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NEW YORK (MarketWatch) – The dow jones industrial average achieved its first-ever close above 16,000 on Thursday as U.S. stocks rallied, boosted by better-than-expected data on weekly jobless claims.