Unemployment Claims on the Rise Again Despite Decrease in Unit Labor Costs

By Kyle Chezum Updated on 11/4/2010

11/04/2010

Unit labor costs saw a decrease in the third quarter, but unemployment benefits claims spiked unexpectedly.  Claims increased to 457,000 total.  Analysts had forecast an increase only to about 443,000, making the spike significant but not massive.

Unit labor costs decreased about 0.1%, down from a 1.3% increase in the previous quarter.

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