Weekly Jobless Claims Inch Up As The New Year Starts

unemployment claims jobs report

WASHINGTON -- The number of Americans filing new claims for unemployment benefits rose last week, but seasonal volatility makes it difficult to get a clear picture of the labor market's health.

Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 371,000, the Labor Department said on Thursday. The prior week's figure was revised to show 5,000 fewer applications than previously reported.

Claims tend to be very volatile around this time of the year because of the holidays and seasonal layoffs. While they increased last week, there was nothing in the data to suggest a deterioration in labor market conditions.

The four-week moving average for new claims, a better measure of labor market trends, increased 6,750 to 365,750, still at a level consistent with steady job gains.

More: Domestic Worker: Fastest Growing Job In The World?

A Labor Department official said there was nothing unusual in state level data and that no states had been estimated. He noted, however, that jobless claims on an unadjusted basis tend to peak in the second week of January and the rise in the week ended Jan. 5 was a build-up to that.

The labor market has been gradually improving, with job gains last year averaging 153,000 per month, little changed from 2011. That has not been enough to significantly cut the unemployment rate which ended the year at 7.8 percent.

The claims report showed the number of people still receiving benefits under regular state programs after an initial week of aid tumbled 127,000 to 3.11 million in the week ended Dec. 29, the lowest level since July 2008.

The weekly decline was the largest since January 2011.

The insured unemployment rate fell to 2.4 percent, its lowest since July 2008.



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theweeperinchief

partyofnohastogo
I thought the empty seat was for Bush.

=========================

WAAAHHH IT'S BUSH'S FAULT THAT I'M AN EMPTY SUIT WAA WAAA WAAAAAAAAAAHHHHHHHHHHHHHH

January 10 2013 at 7:51 PM Report abuse +1 rate up rate down Reply
theweeperinchief

I'm still going around crying and whining because the Republicans won't let me be dictator.

Wa Waaa Waaaaaaaaaaaaaaaaaaaaaaaaaaaaaahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

January 10 2013 at 7:09 PM Report abuse -1 rate up rate down Reply
1 reply to theweeperinchief's comment
boehnerisababy

Me babyboehner is the biggest cry baby on capital hill.

January 10 2013 at 7:18 PM Report abuse rate up rate down Reply
1 reply to boehnerisababy's comment
theweeperinchief

SEE YOU WON'T LET ME HAVE MY WAY AND NOW I'M GOING TO HAVE A TEMPER TANTRUM.

WAA WAA WAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

January 10 2013 at 7:49 PM Report abuse +1 rate up rate down
Ron

Duh! With this clown, the economy will suck beyond belief!

January 10 2013 at 2:48 PM Report abuse +2 rate up rate down Reply
Leonard Thomas

You mean the government actually acknowledges that the actual percentage of Americans who are unemployed is really at least 22%, and possibly, as high as 50%?

January 10 2013 at 12:58 PM Report abuse +1 rate up rate down Reply
keywestlucas

Great Job Creation Obama ! Remember , 4 yrs. ago You said Unemployment would NOT go above 8 % ( IF) WE Borrow 787 Billion Dollars for the Stimulus . I guess the 45 Billion dollars a Month that YOU and OUR COUNTRY is Spending EACH MONTH buying BONDS ,is NOT WORKING . Yep, Supposely WE are going to KEEP BUYING BONDS until the Unemployment drops BELOW 6.5 % . Which they figure will be in 2015 in July of that year. Yep....What other Train Wreck Ideal can YOU come up with. Oh, by the way that 220,000 Supposely Jobs for the Goverment this year . I believe its trying to off set the Post Office220,000 letting GO and Laying off 120,000 between 2013 --2015 for them to be Profitable .These figures came out 4 Months ago from the Post Office who is 15 Billion Dollars inDebt !

January 10 2013 at 11:21 AM Report abuse +5 rate up rate down Reply
legalcld

Na......you don't say? Unemployment claims "inched" up! Get use to this people! This IS the new norm and what you voted for and can expect for at least the next 4 years! Enjoy$$$

January 10 2013 at 11:07 AM Report abuse +4 rate up rate down Reply
joey

Inchs up hahahahhahahaha what a crock you love that Nobama....Just wait for OBAMACARE TO KICK IN...

January 10 2013 at 9:03 AM Report abuse +5 rate up rate down Reply
1 reply to joey's comment
pgile

increase of 4,000 in a job market with 140 million workers -- that's a huge increase, eh joey.

January 10 2013 at 10:02 AM Report abuse +2 rate up rate down Reply

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