Put this along side Walmarts report that sales for February are a disaster, high gas prices, payroll tax increases, healthcare cost rising, stagnant wages, companies cost cutting, etc., and you could have a recipe for a slowing economy....just saying.
Weekly Jobless Claims Rise More Than Expected
The number of Americans filing new claims for unemployment benefits rose more than expected last week, but still remained at levels consistent with a steady improvement in labor market conditions.
Initial claims for state unemployment benefits increased 20,000 to a seasonally adjusted 362,000, the Labor Department said on Thursday. The prior week's claims figure was revised to show 1,000 more applications received than previously reported.
Economists polled by Reuters had expected first-time applications to rise to 355,000. The increase in claims last week pushed them toward the upper end of their range for this year.