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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




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Market indexes 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. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.