Jobless claims data points to weak labor market
Posted on June 21st, 2011 by Bailey Malley
WASHINGTON – The number of Americans filing new claims for unemployment benefits rose last week, suggesting little improvement in the labor market this month after employment stumbled badly in May. Initial claims for state unemployment benefits climbed 9,000 to 429,000, the Labor Department said on Thursday. Economists had expected claims to come in at 415,000. [...]