Jobless claims rise

http://www.msnbc.msn.com/id/37749637/ns/business-stocks_and_economy/

By Alan Zibel
updated 3:01 p.m. ET, Thurs., June 17, 2010

WASHINGTON - The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that the pace of layoffs has not slowed.

Initial claims for jobless benefits rose by 12,000 to a seasonally adjusted 472,000, the Labor Department said Thursday. It was the highest level in a month and overshadowed a report that showed consumer prices remain essentially flat.

The rise in jobless claims highlighted concerns about the economic rebound — especially after a report earlier this week said home construction plunged in May after government tax credits expired.

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