ADVERTISEMENT
Published: May 15, 2009
WASHINGTON - A bit of sour news Thursday - in the form of increased jobless claims and higher wholesale prices - suggested the economy is moving in fits and starts even as the recession eases.
New jobless claims rose to a seasonally adjusted 637,000, from a revised 605,000 the previous week, the Labor Department said.
Economists said initial claims remain below a peak reached in March.
Separately, the department said wholesale prices climbed 0.3 percent last month, larger than the 0.1 percent gain economists had expected.
The Associated Press
ADVERTISEMENT
Advertisement
TBO.com - Tampa Bay Online ©2009 Media General Communications Holdings, LLC. A Media General company. Member Agreement | Privacy Statement | Work With Us
| * To: | |
| Your Name: | |
| Your Email Address: | |
| Personal Message [optional]: | |