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U.S. jobless data rates increased to reach 412 thousand

The reports of new jobless data in the U.S. rose last week, reaching its highest level in two months as the economy struggled to recover. Initial jobless data rose by 27.000 to 412.000 on the weekends, 9 April, the Labor Department said on Thursday (14 / 4) in a weekly report. Previous week’s figures revised upward to 385,000 from 382,000 initially reported.

Dow Jones survey of economists and predicted claims would rise by 3.000 in the last week. Jobless data gave another sign of economic struggle to bring the acceleration as it tries to recover from the recession 18 months ended in June 2009. This week, shows the situation began to deteriorate in the U.S. trade and retail sales weaker than expected although there is an increase during March. This indicates the economic growth in 2011 began to choke. Economists expected strong growth in the labor market to spur consumer spending, which is a major engine of economic growth.

At 412,000, the level of new jobless data was at its highest level since the week ending on February 12. Huge rise last week marks the weakening labor market. Economists look at if the jobless data below that level is a sign of strong economy because a lot of work rather than layoffs.

The jobless data rate fell a full percentage point since last autumn. The numbers of 8.8%, indicating unemployment is historically high, and there are about 13.5 million people who will look for a job but hard.

Short URL: http://www.usnews9.com/?p=6733

Posted by on Apr 15 2011. Filed under Business. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.
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