job-seekerDespite growing evidence that the job market is at last picking up, new jobless claims rose by more than expected last week.
Applications for first-time unemployment benefits went up to 397,000--a rise of 26,000--according to Labor Department numbers. Economists in a Bloomberg survey had predicted a they'd increase more modestly, to 376,000.
But some are attributing the rise to volatility around the President's Day holiday. Claims usually rise the week after a federal holiday, a Labor Department official told Bloomberg.Read More »from New jobless claims rise — but holiday may be to blame