Initial Jobless Claims Rise

Washington, DC, Jan. 21, 2010--Initial jobless claims rose last week by 36,000 to 482,000, the highest level in two months, according to the Labor Department.

The jump was due to technical reasons and did not reflect “economic” reasons, a Labor Department spokesman said.

The four-week moving average was 4,750,500, a decrease of 109,750 from the preceding week's revised average of 4,860,250.