Jobless claims rise...due to Tropical Storm Isaac?
- Post 13 September 2012
- By NBC News
More Americans than expected filed for jobless benefits in the latest week, with at least a portion of the increase due to the effects of Tropical Storm Isaac, the government reported Thursday.
The Labor Department's data showed that unemployment claims rose by a seasonally adjusted 15,000 to 382,000.
Economists polled by Reuters had forecast claims rising to 370,000 last week.
"Several states have reported increases in initial claims (approximately 9,000 in total) for the week ending September 8, 2012 , as a result of Tropical Storm Issac," the Labor Department said in a statement.
But even accounting for the storm, the report suggested little improvement in the labor market after job growth slowed sharply in August. The four-week moving average for new claims, a better measure of labor market trends, climbed 3,250 to 375,000, the highest since the middle of July. ... continues...
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