Unemployment claims unexpectedly rise

05/26/2011 | Reuters

Claims for jobless benefits increased by 10,000 last week to 424,000, the Labor Department reports. "Jobs look like they've joined the recovery party here but the claims number is reminding us we should be a bit cautious about how strong we expect this jobs recovery going forward to be," says Geoffrey Somes, senior economist at State Street Global Advisors.

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