US jobless claims climb more than projected

By Alan Rappeport in New York

Published: October 22 2009 14:21
Last updated: October 22 2009 14:21

The number of US workers claiming jobless benefits for the first time climbed last week, as the labour market continues to signal that its recovery lag the overall economy.

New jobless claims rose by 11,000 to 531,000, the labour department said on Thursday. The figures were worse than economists anticipated, although the less volatile four-week average showed that new claims have been waning in the last month. http://www.dol.gov/opa/media/press/eta/ui/current.htm

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Continuing unemployment claims declined by 98,000 to 5.92m in the week ending October 2. Many Americans have seen their jobless benefits expire and are waiting for government legislation that could extend payments.

“As such the job rot looks to be continuing at a disconcertingly strong pace for the early stages of recovery,â€