Last week in August shows an increase in jobless benefits |
News - Financial News | |||
Written by Hugh McManus | |||
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September 4, 2008: Latest government figures showed that there was an increase in new claims for jobless benefits during that last week in August. The figure of 15,000 was higher than expected. This bad news was offset by figures released by the Labor Department for the second quarter showed an increase in productivity at an annualized rate of 4.3 percent: a significant jump. A revised figure of 3.4 percent was released for business output in the second quarter, a rate much better than the 0.9 percent reported for the first quarter.
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