Weekly Jobless Claims Rise More Than Expected

Employment Seekers Attend Job Fair In Washington DC
Chip Somodevilla/Getty Images
By Lucia Mutikani

WASHINGTON -- The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the underlying trend continued to point to some strength in the labor market.

Initial claims for state unemployment benefits increased 16,000 to a seasonally adjusted 326,000, the Labor Department said Thursday. Claims for the week ended March 22 were revised to show 1,000 fewer applications received than previously reported.
Economists polled by Reuters had forecast first-time applications for jobless benefits rising to 317,000 in the week ended March 29.

The four-week moving average for new claims, considered a better measure of underlying labor market conditions as it irons out week-to-week volatility, nudged up 250 to 319,500. This indicates a firmer bias in the labor market.

A Labor Department analyst said no states were estimated and there were no special factors influencing the state level data.

The government made revisions to the model it uses to smooth the claims data for seasonal fluctuations. It also revised claims data going back to 2009.

Despite last week's increase, claims have been generally stable in March, which should support expectations of an acceleration in job growth during the month.

The government's closely watched employment report Friday is expected to show nonfarm payrolls increased by 200,000 jobs last month after rising 175,000 in February, according to a Reuters survey of economists. The unemployment rate is seen falling one-tenth of a percentage point to 6.6 percent.

A report on Wednesday showed private employers stepped up hiring in March for a second straight month.

The labor market suffered a setback in December and January when unseasonably cold weather gripped large parts of the country. With temperatures rising, a pick-up is in the cards, which should help to unleash pent-up demand and put the economy on a stronger growth trajectory.

The claims report showed the number of people still receiving benefits after an initial week of aid rose 22,000 to 2.84 million in the week ended March 22.

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When my ancestor Thomas W... came here about 1648 his step uncles had come earlier in the 1630's. Charles I had been executed. It's not my family's surname among the signatures of the Warrant but you may find one of the surnames on there very interesting! The dates are using the Julian Calendar which was used until about 1752.

One of my great grand uncles was a personal associate of ( George Washington) Yes that one as referenced at the longIsland history web site. And Robins Island in New York was bought by My great.. Grandfather Joseph W and left to Parker W. George Washington and Parker did not get along.

April 19 2014 at 1:25 PM Report abuse rate up rate down Reply

I know people who won't even post on the Internet any more for fear employers will rule them out. I may get attention because of my opinions but that just ques you in on my ancestry data that goes back to the Medieval ages back to William the Congueror.

I am not responsible for my ancestors but you however are responsible for the criminal action of your rogue managers.

April 19 2014 at 1:05 PM Report abuse rate up rate down Reply

How can an employer let these rogue managers ask potential employees questions? As soon as the corporate people turn their back the rogue managers are making their own policies and screwing up the company.

It's funny you can tell the divisions or branches of these companies such as big box retailers with the most rogue management because the police cars are constantly on site for warrants issued to management, hourly workers, and customers.

April 19 2014 at 12:48 PM Report abuse rate up rate down Reply

The age of the Internet/P.C has led to the decline of the American middle class. The abandonment of a population in the middle of their work life to feed the personal greed of the 1% wanna bees is evident in the increasing job discrimination, longterm unemployment, and large not in the labor ect.

A ever increasing number of people polled feel the country is moving in the wrong direction as far as the economy and jobs. Rogue management employees now force their own agenda and policies on hourly employees who are now viewed as dime a dozen. The trade deals having failed the middle class as referenced on epi.org as led to a to under class in need of public assistance.

Weekly jobless Claims Rise? Supposedly 2/3 of all claims are denied but there are usually 4 times the weekly amount per month meaning over 1.2 million claims per month filed. Look at the not in the work force, the u-3 unemployment rate, and the participation rate. The stock market is booming thanks to the over seas investments and the trade gap that impoverishes the Americans and their low wage displacements.

The Fed won't use the unemployment rate as the basis for ending the stimulus because like the 1% they know the real unemployment rate. The trade deals have failed and the 1% who have bought their votes must think they can keep this gig going for ever.

April 19 2014 at 12:30 PM Report abuse rate up rate down Reply
Chico Rodriguez

So "revise" is really just this Admins. way of "cooking the books".

April 03 2014 at 2:46 PM Report abuse rate up rate down Reply
1 reply to Chico Rodriguez's comment

Down load the pdf and excel US labor reports going back to 1942 and the state labor reports going back to the 1970's.

Go to epi.com or epi.org for the data on the WTO, NAFTA, and China trade damages. If your suffering or feel negative your probably not alone.

April 19 2014 at 12:56 PM Report abuse rate up rate down Reply

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