Weekly Jobless Claims Rise

    People seeking jobs wait in line to speak to over 60 employers at an employment fair May 3, 2012 in the Queens borough of New York. New claims for US unemployment benefits dropped more quickly than expected last week, but remained painfully high, the Labor Department reported May 3, 2012. New jobless claims stood at 365,000 for the week to April 28, compared to a revised 392,000 level the previous week. AFP PHOTO/Stan HONDA        (Photo credit should read STAN HONDA/AFP/GettyImages)

    Stan Honda, AFP / Getty Images

    The job market remains sluggish as summer kicks off, with more people queuing up to collect unemployment than expected last week. The number of weekly unemployment benefit applications increased for the first time in a month, disappointing economists who were expecting hiring to pick up in May. A separate jobs report Thursday reflected only modest hiring rates in private businesses. This data doesn’t figure into the May unemployment rate, which analysts expect will be an improvement from April.

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