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Economic improvement remains fitful

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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

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