Jobless Claims Exceed Forecast on Seasonal Shift
Oct. 18 (Bloomberg) -- More Americans than forecast filed applications for unemployment benefits last week, reflecting an unwinding of adjustments for seasonal swings at the start of a quarter.
Jobless claims increased by 46,000 to 388,000 in the week ended Oct. 13 from a revised 342,000 the prior period that was the lowest since February 2008, Labor Department figures showed
today. Michael McKee and Betty Liu report on Bloomberg Television's "In the Loop." (Source: Bloomberg)