Jobless claims bounce higher

The number of initial claims for unemployment insurance rose last week, with the number of people collecting benefits overall climbing to a record 6.14 million, according to a U.S. government report released Thursday.

In the week ended April 18, there were 640,000 initial jobless claims filed, up from a revised 613,000 the previous week, the Labor Department said. There had been a sharp decline of 47,000 in the previous week.

Economists expected 639,000 new claims, according to a consensus survey by Briefing.com. The 4-week average of initial claims fell 4,250 to 646,750.

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- Posted: 2009-04-23 08:51:11

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