Unemployment data give mixed signals

New claims for state unemployment benefits soared by 52,000, reaching a total of 517,000 during the final week of January, the largest jump since mid-November.

The Labor Department report appears to confirm many economists' concern that the sharp drop in the January unemployment rate was exaggerated because of adjusting the data seasonally. But coupled with the bad news was a report for the previous week that shows total recipients of jobless benefits down to 3.8 million, the lowest number in 10 months.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK