Economy

Government Releases New Unemployment Data; Or, More Bad News About Jobs

Union members hold up

Union members hold up "I want to work" placards outside in Los Angeles last week. Mark Ralston/AFP hide caption

itoggle caption Mark Ralston/AFP

The Department of Labor released its weekly unemployment insurance claims report this morning.

For the third week in a row, claims went up.

According to NPR's Jim Zarroli, "The government says the number of people filing first-time unemployment claims hit half a million last week." (That's the highest number since November.)

Bloomberg parses the data:

A cooling economy may be discouraging employers from adding staff and prompting some to step up dismissals, raising the risk consumer spending will weaken more.

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