Jobless Claims Jump to 382k

New claims for US unemployment insurance benefits headed higher last week after the previous week's drop, underscoring the continued frailty of the US jobs market, data showed Thursday.

As markets awaited a decision by the Federal Reserve to aid the weak economy, the Labor Department said that initial jobless claims rose to 382,000 for the period to September 8 from the previous week's 367,000.

That pushed the four-week moving average higher to 375,000, the department said.

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WASHINGTON & WALL STREET: JOBS, CREDIT, AND ECONOMIC GROWTH

Last week, a raft of economic data came out that confirms what all of us already know, namely that the US economy is growing far more slowly than before the 2008 financial crisis. Most politicians and economists tell us that the economy will eventually grow faster, but is this really true?

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