CNN/Money  
graphic
News > Companies
graphic
Jobless claims rise to 430,000
New weekly claims for unemployment benefits come in much higher than expected
July 3, 2003: 8:36 AM EDT

NEW YORK (CNN/Money) - New jobless claims in the United States came in much higher than expected last week, the government said Thursday, continuing to reflect a labor market struggling to recover.

The Labor Department said the number of Americans filing new claims for unemployment benefits rose to 430,000 in the week ended June 28, from a revised 409,000 the prior week.

Economists, on average, expected 412,000 new claims, according to a Reuters poll. A level above 400,000 represents a stagnant labor market.

The four-week moving average of new claims, which irons out the ups and downs of the volatile weekly data, fell to 425,000 from a revised 429,500 the prior week

Continued claims, the number of people out of work for a week or more, rose modestly to 3.75 million in the week ended June 21, the latest data available, from a revised 3.71 million the prior week  Top of page




  More on NEWS
Reporter behind story of $72 million teen trader stays at NY Mag
Not everyone is a fan of 'Serial'
'Colbert Report' says goodbye with record ratings
  TODAY'S TOP STORIES
Sony exec: Studio did not 'cave' to hackers
Obama: Sony made a 'mistake' in pulling film
'Colbert Report' finale draws record ratings




graphic graphic

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.