Jobless claims in U.S. unexpectedly rise on backlog

Posted by on Jan 21st, 2010 and filed under Business, Nation. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Jan. 21 (Bloomberg) — More Americans than anticipated filed claims for unemployment benefits last week, reflecting a backlog of applications from the year-end holidays.

Initial jobless claims rose by 36,000 to 482,000 in the week ended Jan. 16, the highest level in two months, from 446,000 the prior week,Labor Department figures showed today in Washington.

The jump was due to an “administrative” accumulation from late December and early January holidays, and did not reflect “economic” reasons, a Labor Department spokesman said.

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