Jobless Claims Rise Unexpectedly
According to a government report, the number of people filing unemployment claims for the first time rose unexpectedly during the second week in February. The increase followed a drop in claims the previous week. Analysts now think the bad weather in the northeast section of the country hampered the ability of first-time claimants to file for unemployment. The continuing bad weather makes it unlikely that accurate data can be gathered for a few weeks yet. All of this indicates that the economic recovery is progressing more slowly than first thought, but the trend in layoffs seemed to have leveled off.Â
See www.msnbc.msn.com/id/35457799/ns/business-stocks_and_economy/