Thursday, April 5, 2007

WRAPUP 1-US jobless claims mount but labor market still fit

(Reuters) - Initial filings for state unemployment insurance aid for the week ended March 31 increased to a seasonally adjusted 321,000 from an upwardly revised 310,000 the prior week, the Labor Department said.

Reaction from the foreign exchange, stock and bond markets was muted and analysts said the release did not challenge views that the labor market was still in good shape, notwithstanding weakness among U.S. manufacturers and in housing.


Read more at Reuters.com Economic News

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