U.S. unemployment applications jumped unexpectedly last week, according to figures released Thursday by the Labor Department.
First-time jobless claims, which give an early reading on the resilience of the labor market, rose by 9,000 to 421,000 in the week ended April 28 from a revised 412,000 in the prior week, the department said. Private economists surveyed by Reuters had expected claims to drop to 400,000. Full story. --Larry Barrett, ZDII