Claims for Unemployment Compensation Jump More Than Expected to 6.1 Million

"New jobless claims rose more than expected last week, while the number of workers continuing to filing claims for unemployment benefits topped 6.1 million," reports the AP. It marks the 12th week in a row that the number of people filing unemployment claims has set a record. "The Labor Department said Thursday that initial claims for unemployment compensation rose to a seasonally adjusted 640,000, up from a revised 613,000 the previous week. That was slightly above analysts' expectations of 635,000."