Initial Claims, Personal Incomes Rise Thursday, January 31, 4:50 PM ET
Initial jobless claims increased by 38,000 to a seasonally adjusted 368,000 last week according to the Labor Department, the highest level in one month and the biggest increase since the week after Hurricane Sandy. Economists expected claims to climb to 355,000. Initial claims from two weeks ago stood unrevised at 330,000.
Personal incomes increased by 2.6% in December, the highest increase in eight years, largely due to a jump in dividend income as company's had moved up payments to avoid tax law changes, according to the Commerce Department. Economists expected a 1.0% rise.
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