WASHINGTON, May 1 (UPI) -- The number of Americans filing for unemployment benefits rose for the second straight week by 14,000 new claims to a seasonally adjusted level of 344,000.
This is the highest level seen since February and came as a surprise to economists who had estimated claims would fall to 320,000 for the week ending April 26. Claims had increased 25,000 the prior week, which economists attributed to the Easter holidays and expected it would be reversed this week.