Jobless Claims Barely Changed Last Week; Remain High

Jun 30, 2011

There were 428,000 first-time claims for unemployment insurance last week, a decrease of just 1,000 from the previous week, the Employment and Training Administration just reported.

Though down from the peak of more than 650,000 a week during the official recession that stretched from late 2007 to mid-2009, weekly claims remain above the 350,000-or-less level that's generally associated with a healthy economy.

Bloomberg News writes of this morning's report that "more Americans than forecast filed applications for unemployment benefits last week, indicating little progress in the labor market."

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