18 October, 2012

CNN Breaking News

The number of people filing for initial jobless claims surged 46,000 to 388,000 last week, the U.S. government says.

The previous week the number of initial claims had fallen to a four-year low.

The large swings illustrate just how volatile the data are from week to week, which is why economists often prefer to look at a four-week moving average.

That indicator increased to 365,500 last week and has been hovering in the 360,000 to 380,000 range since July.

Read more at money.cnn.com

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