5/1/14, "JOBLESS CLAIMS UNEXPECTEDLY SPIKE," businessinsider.com, Rob Wile
"Jobless claims hit 344,000 [week ending April 26], unexpectedly rising for the second week in a row.
Consensus was for 320,00, down from revised 330,000.
Full release »
A Labor Department official said claims tend to be more volatile around Easter.
The four-week moving averaged also claimed back to 320,000, an increase of 3,000."...
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5/1/14, "Jobless claims jump for second straight week," Marketwatch.com, Greg Robb
"The number of initial claims in the week ending April 26 rose 14,000 to 344,000, which is the highest level since the end of February.
The gain came as a surprise, as the consensus forecast of Wall Street economists was for claims to fall to 320,000.
Claims had jumped 25,000 to 330,000 in the prior week but analysts had
thought at least some of the gain was due to the Easter holiday and
would be reversed this week.
Claims often rise around Easter because the holiday falls on different
dates each year and that makes it harder for the government to conduct
seasonal adjustments.
Economists said the Easter impact lasted longer than expected but the rise in claims was temporary."...
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