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Jobless Claims Hold Flat; Spending Tops Income Gains


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48840584cnbc.com:

 

Jobless Claims Hold Flat; Spending Tops Income Gains

 

Published: Thursday, 30 Aug 2012 | 9:39 AM ET

By: Reuters

 

The number of Americans filing new claims for jobless benefits was unchanged last week, pointing to a labor market that was treading water.

Initial claims for state unemployment benefits were a seasonally adjusted 374,000, the Labor Department said on Thursday. The prior week's figure was revised up to show 2,000 more applications than previously reported.

In a separate report, consumer spending rose 0.4 percent in July, the best showing in five months and ahead of the 0.3 percent income gain.

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