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Jobless claims rise; GDP dips at lower pace in 1Q
By: yahoo.comPosted On: 06/25/2009 9:37 A
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Despite persistent layoffs, the economy seems to be faring better than it was at the start of the year.
Despite persistent layoffs, the economy seems to be faring better than it was at the start of the year.
The Labor Department said Thursday that new jobless claims jumped unexpectedly last week. And the number of people continuing to receive unemployment aid rose more than expected.
The figures indicate that jobs remain scarce even as the economy shows some signs of recovering from the longest recession since World War II.
A revised reading on gross domestic product
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