New jobless claims rise to 554K, total rolls fall

New jobless claims rise to 554K, total rolls fall


Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

WASHINGTON (AP) -- The government says the number of newly laid-off workers seeking jobless benefits rose last week, though the report was distorted by the timing of auto plant shutdowns.

The Labor Department says its tally of initial claims for unemployment insurance rose by 30,000 to a seasonally adjusted 554,000. That's above analysts' estimates of 550,000.

But the total jobless benefit rolls fell by 88,000 to 6.2 million, the lowest level since mid-April.

A department analyst says the government's seasonal adjustment process expected a sharp drop in claims last week, which didn't happen. As a result, seasonally-adjusted claims rose.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

Most recent Business stories

Related topics

Business

STAY IN THE KNOW

Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast