A 13,000 increase in weekly jobless claims to 472,000 highlights how tenuous conditions are in the labor market and also points to the uncertainty many businesses still feel, even as the economy slowly recovers.
The 4-week moving average rose by 3,250 to 46.6500.
As the chart above reveals, there has been little progress since the beginning of the year. More worrisome, claims have actually trended higher over the past two month.
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