Jobless claims rise above expectations

Filed under: AM Roundup |

More Americans than forecasted filed for unemployment claims last week, showing that the improvements in the labor market may be slowing, said Bloomberg News.

The jobless claims dropped by 2,000 to 386,000 – but forecasters were anticipating a drop to 370,000, Bloomberg said.

The claims figures raise the possibility the payroll gains that have helped push unemployment down to a three-year low may cool, weighing on consumer spending.

Read more at Bloomberg.