US jobless claims rise 16,000 to 336,000

[maddezmom]

WASHINGTON (AFP) - US jobless claims rose by 16,000 to a six-week high of 336,000 in the week ended July 9, the Labor Department said.

The increase in seasonally adjusted initial claims was "primarily" due to temporary seasonal layoffs in the auto manufacturing industry, a Labor Department spokesman said.

The four-week moving average of new claims was nearly unchanged at 320,750. Meanwhile, the number of former workers collecting unemployment checks rose by 45,000 in the week ended July 2 to 2.62 million, a four-week high.

http://news.yahoo.com/news?tmpl=story&u=/afp/20050714/pl_afp/useconomyunemployment_050714144528

[tmooses]

1. Listening to McClellan yesterday you would have thought our economy

never looked better. He never mentioned that the defecit reduction numbers he cited included borrowing 150 billion from the social security trust fund and does not include the cost of our military operations in Iraq and Afghanistan. From someone out looking for work
I believe I have a better perspective of the state of our economy than Scottie.