Initial US weekly jobless claims surged to 4,17,000 last week, dimming hopes of an imminent recovery in the jobs market, the US labour department said Thursday.
New claims for unemployment insurance rose in the week to January 20 from a revised 4,12,000 the previous week, well above the four-week moving average of 4,07,500.
The department said that for the week to August 6, the total number of people claiming unemployment benefits at all levels fell to 7.29 million from 7.34 million the week earlier, and 10.16 million a year earlier.
The US overall unemployment rate remained at a high 9.1 per cent in July, with nearly 14 million workers without jobs.
Source : New Age
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