HUGE MISS: Initial Unemployment Claims Surge To 380K

[Karmadillo]

3. LOL. You funny. Here's Reuters if that makes you happier.

http://www.reuters.com/article/2012/04/12/us-jobless-claims-unexpectedly-rise-last-idUSBRE83B0PV20120412

Jobless claims unexpectedly rise last week

(Reuters) - New claims for unemployment benefits rose last week to their highest level since January, a development that could raise fears the labor market recovery was stalling after job creation slowed in March.

Initial claims for state unemployment benefits increased 13,000 to a seasonally adjusted 380,000, the Labor Department said on Thursday. The prior week's figure was revised up to 367,000 from the previously reported 357,000.

Economists polled by Reuters had forecast claims falling to 355,000 last week.

The four-week moving average for new claims, considered a better measure of labor market trends, rose 4,250 to 368,500.

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