Weekly Jobless Claims Rise, But Job Growth Remains Steady

jobless claims Hurricane Sandy

WASHINGTON -- The number of Americans filing new claims for unemployment aid rose last week, putting them back at the lower end of their pre-storm range and suggesting job growth remains moderate.

Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 361,000, the Labor Department said Thursday. The prior week's figure was revised to show 1,000 more applications than previously reported.

Claims have now unwound the Hurricane Sandy surge. They rose as high as 451,000 in the aftermath of the late October storm, which struck the East Coast. Economists polled by Reuters had forecast claims rising to 357,000 last week.

More: U.S. Employers That Made The Most Job Cuts In 2012

The four-week moving average for new claims, a better measure of labor market trends, fell 13,750 to 367,750, the lowest since late October. The data covered the survey period for December nonfarm payrolls.

Job gains so far this year have averaged 151,000 per month, a pattern that is likely to hold through December amid fears the U.S. Congress and the Obama administration could fail to agree on a deal to prevent tighter fiscal policy next year.

About $600 billion in government spending cuts and higher taxes could be pulled out of the economy in early 2013, and tip it back into recession unless an agreement is reached on a less punitive plan to reduce budget deficits.

A Labor Department official said there were no special factors influencing week's claims data.

The claims report showed the number of people still receiving benefits under regular state programs after an initial week of aid rose 12,000 to 3.23 million in the week ended Dec. 8.


Don't Miss: Companies Hiring Now



More From AOL Jobs



Looking for a job? Click here to get started.

Add a Comment

*0 / 3000 Character Maximum

11 Comments

Filter by:
David

weekly job claims rise.........i'll correct the other part for you....losing more jobs each an everyday. businesses are continued cutting thier staff,they 've to if they want to stay in business.

December 24 2012 at 4:18 PM Report abuse rate up rate down Reply
tj1108

Welcome to the new normal. By the time Obama leaves office the new average unemployment rate will be 8% instead of 6%. Those alive today will never see real unemployment under 4% again.

December 21 2012 at 7:12 AM Report abuse +2 rate up rate down Reply
joey

FULL OF CRAP!!!!!!!!!!!!

December 20 2012 at 7:46 PM Report abuse +2 rate up rate down Reply
maa2626

captain smith there are icebergs! steady as you go, full steam ahead.

jobless claims up, job growth steady.

ay, ya-ya moron nation

December 20 2012 at 7:36 PM Report abuse +2 rate up rate down Reply
bunnyfunny47

You couldn't get me to have a RottenApple product even if it was for free. That company along with Dintel and Monkeysoft are the worst ever for laying off the American engineer in favor of a Visa worker. So, if we really want to do something to help rebuild this country back on it's feet again...Pull the plugs on all these various VISA programs the corporations are using. Put America back to work again.

December 20 2012 at 6:46 PM Report abuse -2 rate up rate down Reply
jdykbpl45

What an oximoron by the moron who wrote this atricle.

December 20 2012 at 2:28 PM Report abuse +1 rate up rate down Reply
1 reply to jdykbpl45's comment
Somey

Good grief, don't you know what the word oxymoron means.

December 20 2012 at 3:16 PM Report abuse -3 rate up rate down Reply
1 reply to Somey's comment
unitedpaintings

Homey = Moron

December 20 2012 at 5:48 PM Report abuse +3 rate up rate down
rvheaney

Weekly Jobless Claims Rise, But Job Growth Remains Steady

WHAT how can that be ?

December 20 2012 at 1:46 PM Report abuse +2 rate up rate down Reply
1 reply to rvheaney's comment
bunnyfunny47

Here's your answer to that one. Jobs are going to all these Visa workers, not qualified US citizens.
Add that in with A LOT OF AGE DISCRIMINATION...Bingo! Hell, most of our highly skilled that have getten the screws put to them have mostly be in the age range of between 45 up, yet you try and say anything about this and it will never make the ratings. Of course these corporations have the foresight to keep on a few token old guys just for a smoke screen. Can't find qualified American workers, tell the corporations to stop trolling the web looking to hire more H1b Visa workers from India. Shitt'n corporations these days are starting to look like a Mumbai Wal*Mart on a bluelight special night.

December 20 2012 at 6:28 PM Report abuse -3 rate up rate down Reply
fritzcalkins

Many people wouldn't take a job if their life depended on it. They would rather sit around with their hand out as long as there was someone willing to fill it with a fat check. The best way to eliminate unemployment is to quit paying for it.

December 20 2012 at 1:08 PM Report abuse +3 rate up rate down Reply

Search Articles

Top Companies Hiring

Week of Nov 9 - Nov 16
View All

Picks From the Web