Jobless claims surge in sign of softening U.S. employment

04/4/2013 | MarketWatch · Reuters

Reversing economists' predictions of a decline, the number of Americans applying for initial jobless benefits jumped to a four-month high last week, the Labor Department reported. The 28,000 gain may have been distorted by holiday factors, but "what we do know is that the [jobs] growth momentum has slowed, employment has slowed. The question is how much?" said Millan Mulraine, a senior economist at TD Securities.

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MarketWatch · Reuters

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