Jobless claims jump is bad omen for economy (AP)

rose unexpectedly last week, the government said Thursday, while companies responded to the slowing economy by producing more with fewer workers.

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It was not great news for American workers, who have seen jobs decline and wages erode, but it may signal less inflation worries for the Federal Reserve . The Labor Department reported that new applications for unemployment insurance rose to a seasonally adjusted 444,000, up 15,000 from the previous week. Economists had expected claims to drop to 420,000.

Full Story: Jobless claims jump is bad omen for economy (AP)

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