Increasing Applicants for Unemployment Benefits Recorded

Increasing Applicants for Unemployment Benefits Recorded

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A sign of slow and uneven jobs recovery has been recorded last week as more and more people are applying for unemployment benefits. The Labor Department has recorder 25,000 applications for unemployment benefits from last weekend ending on April 23, 2011. This is the highest so far since the start of the year. Some analyst attributed this phenomenon to unadjusted seasonal holiday’s like Easter. This holiday does not fall into a permanent calendar day, making the forecast very volatile.
Other economist are more worried, Mr. Wang from HSBC noted a 20,000 increase on the four week average of applicants. He said that this is big enough to increase merit some concerns about the direction of employment growth. With this figures the Labor Department is still able to report a steady supply of available employment.

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