The number of Americans filing for jobless aid hit a two-month high last week and more applications were received in the prior week than initially reported - 4/12/12


Initial claims for state unemployment benefits increased 13,000 last week to a seasonally adjusted 380,000, the Labor Department said on Thursday, defying economists' expectations of a drop to 355,000. The prior week's count was revised to show 10,000 more applications than previously reported.
If claims continue to tick higher then it will be a signal that the sword over the jobs market is real.
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