U.S. Initial Jobless Claims Rose to 576,000

More Americans unexpectedly filed claims for jobless benefits last week, indicating companies are trying to cut costs further even as the economy stabilizes. Applications rose to 576,000 in the week ended Aug. 15 from a revised 561,000 the week before, the Labor Department said. The number of people collecting unemployment benefits the week earlier was little changed at 6.24 million.

TradingEconomics.com, Bloomberg
8/20/2009 10:03:59 AM