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Jobless claims trend shows job market slowly healing

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(Reuters) – The number of Americans filing new claims for jobless benefits edged higher last week although a trend reading fell close to a four-year low, pointing to healing in the still-struggling labor market.

Other data on Thursday showed groundbreaking on new homes fell in July in a reminder of the housing market’s weakness despite some recent signs of recovery.

Initial claims for state unemployment benefits rose 2,000 to a seasonally adjusted 366,000, the Labor Department said. That was in line with economists’ forecasts in a Reuters poll.  Read more

Posted by on August 16, 2012. Filed under Economics,United States. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.