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 Updated: 6/17/2010 8:40:00 AM

Initial Jobless Claims Rise for Week

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Initial jobless claims rose 12,000 last week, the Labor Department said Thursday.

The increase to 472,000 claims for the week ended Saturday was greater than economists’ forecasts of a decline to 450,000, Bloomberg reported.

The four-week moving average, a less volatile measure, fell to 463,500, from 464,000 the previous week.

Continuing claims for the previous week ended June 5 rose 88,000 to 4.57 million, Labor said.

By Transport Topics

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