US Jobless Claims Rise

Posted June 23rd, 2011 at 9:10 am (UTC-5)
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A key measure of the U.S. job market got a bit worse last week.

Thursday's report from the Labor Department shows the number of Americans signing up for unemployment compensation rose by 9,000 to a nationwide total of 429,000.

The report is the latest in a series showing continued weakness in U.S. employment.

The head of the U.S. Federal Reserve , Ben Bernanke, says the job situation is improving with “frustrating” slowness.

Friday, government experts will publish updated information on U.S. economic growth for the first three months of this year. Economists interviewed by news agencies predict the data will show a slight increase from prior reports, putting expansion at a 1.9 percent rate for the first quarter.