06 November 2008

Jobless claims higher than expected

Number of Americans filing for unemployment insurance increases reaches 481,000.

NEW YORK (CNNMoney.com) -- The number of Americans filing new claims for unemployment insurance last week was higher than economists expected, indicating continued weakness in the nation's economy.

The U.S. Department of Labor reported Thursday that initial filings for state jobless benefits reached 481,000 for the week ended Nov. 1.

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