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October 15, 2010

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Americans seeking dole benefits up

MORE Americans applied for unemployment benefits last week, the first rise in three weeks and evidence that companies are reluctant to hire in a slow economy.

Initial claims for unemployment aid rose by 13,000 to a seasonally adjusted 462,000, the Labor Department said yesterday. It was only the second rise in two months.

A separate report from the Commerce Department showed the trade deficit widened in August by 8.8 percent to US$46.3 billion. The gap grew because of a 2.1 jump in imports, driven by demand for foreign-made semiconductors, generators and other types of industrial machinery Exports rose 0.2 percent.

A third report noted that wholesale prices remained tame outside a sharp rise in food and energy costs. Excluding those two volatile categories, core wholesale prices rose just 0.1 percent, the Labor Department said.

 

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