U.S. Jobless Claims Rose, Reflecting Quarter-End Volatility
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More Americans unexpectedly filed first-time claims for unemployment insurance last week, reflecting greater-than-normal volatility at the end of the quarter.
Applications for jobless benefits rose 27,000 in the week ended April 9 to 412,000, the most in two months, Labor Department figures showed today in Washington. Economists projected claims would be little changed at 380,000, according to the median estimate in a Bloomberg News survey. The increase in claims traditionally seen at the end of a quarter was larger than usual this year, a Labor Department spokesman said as the figures were released to the press.