Break out the champagne.
Jobless Claims In U.S. Increased Less Than Forecast Last Week
The number of Americans filing applications for unemployment benefits rose last week, probably marking the final period in which the annual auto shutdowns affect the figures. Jobless claims climbed by 8,000 to 365,000 in the week ended July 28, Labor Department figures showed today in Washington. The median forecast of 47 economists surveyed by Bloomberg News called for an increase to 370,000. Starting next week, the data should be clear of any influence from the annual auto plant retooling closures that make it difficult to adjust the data for seasonal variations, a Labor Department spokesman said as the report was ... (full story)