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GDRFA centres across the emirate will be closed for the Prophet's birthday, the authority announced
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US Jobless Claims Rise Unexpectedly
WASHINGTON - The number of newly laid-off workers filing applications for unemployment benefits unexpectedly surged last week after having fallen sharply in the previous week. The gain dampened hopes about how quickly the labour market may improve this year.
The Labor Department said on Thursday that first-time claims for unemployment benefits rose by 31,000 to a seasonally adjusted 473,000.
The increase followed a drop of 41,000 in the previous week which had raised hopes that the labor market could be improving. There have been 8.4 million jobs lost since the recession began in December 2007.
Thursday’s news deflated analysts’ hopes that new claims would continue to decline. Economists surveyed by Thomson Reuters had expected new claims to fall modestly.
Still, the four-week average for claims dipped 1,500 to 467,500, near the lows that were reached at the end of last year. The average is considered a more stable indicator because it smooths out the week-to-week volatility.
Claims at the beginning of this year had been affected by a holiday backlog. The easing of the backlog had elevated the numbers for the previous three weeks.
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