Jobless Claims Jump Unexpectedly

Labor Department reports applications for unemployment benefits rose by 9,000 to 334,000; analysts had forecasted a drop of 2,000.

WASHINGTON (AP) — The number of newly laid off workers filing for unemployment benefits unexpectedly rose last week.
The Labor Department reported Thursday that applications for unemployment benefits totaled 334,000, an increase of 9,000 from the previous week.
That gain caught analysts by surprise. They had been forecasting that jobless claims would fall by around 2,000.
Analysts are closely watching to see whether recent financial market turmoil will have an impact on business hiring decisions
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