Saturday
February 9, 2013
Thursday, August 23, 2012

US jobless claims rise to highest level in five weeks

The number of Americans filing new claims for jobless benefits unexpectedly rose last week, suggesting the labor market is healing too slowly to make much of a dent in the unemployment rate.

Initial claims for state unemployment benefits rose 4,000 to a seasonally adjusted 372,000, the Labor Department said today. That was the highest level in five weeks.

The report on jobless claims did have a silver lining, however.

The data covers the same week looked at by the government for its monthly measure of employment, and showed a slight drop in layoffs from the survey week last month, which is a mildly positive signal for hiring in August.

The four-week moving average for new claims, a measure of labor market trends, was 368,000 last week. That was a slight increase from the prior week, but still 2.1 percent lower than in the second week of July.

That week, the government surveyed employers and concluded 163,000 new jobs were created in July - an improvement from the prior three months though the unemployment rate still ticked higher to 8.3 percent.

The government will release its employment report for August on September 7, and policymakers at the Federal Reserve will scrutinize the data for signs the economy is improving.

  • CommentComment
  • Increase font size Decrease font sizeSize
  • Email article
    email
  • Print
    Print
  • Share
    1. Vote
    2. Not interesting Little interesting Interesting Very interesting Indispensable
Tags:  US  Labor Department  jobless  rate  claims  unemployment  economy  Obama  


  • Comment
  • Increase font size Decrease font size
  • mail
  • Print

COMMENTS >

Comment



Grupo ámbito ámbito financiero ambito.com Docsalud AlRugby.com Premium ávp El Ciudadano El Tribuno Management

Director: Orlando Mario Vignatti - Edition No. 3676 - This publication is a property of NEFIR S.A. - Issn 1852 - 9224 - Te. 4349-1500 - Paseo Colón 1196, (C1063ACY) CABA