Weekly Jobless Claims Rise More Than Expected Last Week

Job Seekers Look For Work At Career Fair In Detroit
Joshua Lott/Getty ImagesJob seekers enter a job fair Wednesday in Detroit.
By Lucia Mutikani

The number of Americans filing new claims for unemployment benefits increased more than expected last week, but the rise probably doesn't suggest a shift in labor market conditions as the underlying trend continued to point to strength.

Initial claims for state unemployment benefits rose 24,000 to a seasonally adjusted 329,000 for the week ended April 19, the Labor Department said Thursday.

Claims for the week ended April 12 were revised to show 1,000 more applications received than previously reported.

Economists polled by Reuters had forecast first-time applications for jobless benefits rising to 310,000.

The increase probably reflects difficulties adjusting the data for seasonal fluctuations given a late Easter this year and the timing of school spring breaks.

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, rose only 4,750 to 316,750. That was not too far from pre-recession levels.

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

The claims report showed the number of people still receiving benefits after an initial week of aid fell 61,000 to 2.68 million in the week ended April 12, the lowest level since December 2007. The so-called continuing claims covered the household survey week from which the unemployment rate is calculated.

Continuing claims fell between the March and April survey periods, a good omen for the jobless rate. The unemployment rate was at 6.7 percent in March.

Jobless Claims Jump as Economy Struggles to Recover and More

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migellc

See, again that's the problem of the GOP not able to sign out so many projects for infracstructures reburfisment as pres. Obama tried long ago, these would be easily create thousands of jobs direct and indirect but due the 'Gridlock' behavior in 'Congress' this is what happen now, 'No Progress At All For The Littles Joes', not fair to blame it on pres. Obama now, Isn't? But hey what the H___, probably that's what part of the 'GOP' plan after all, to make pres. Obama looks bad straight off the bat, Isn't! and the H___with the poor class in this country, Isn't? Now we get it, It's kool, enjoy until you can after all, party will be over soon for all, no more party! BuuMuaWaa...!

April 29 2014 at 10:20 AM Report abuse rate up rate down Reply
Scott

3Million cutoff, 75,000 added every week and 200,000 veterans.
Our GDP is affected negatively to the tune of 7Billion every 3 months without long-term unemployment.

Call John Boehner:
Phone: (202) 225-0600
(#1 to leave a message and #2 to speak with his assistant)

April 24 2014 at 1:48 PM Report abuse rate up rate down Reply
1 reply to Scott's comment
pgile

Mybe it's time to change the focus from "unemployment compensation", which is intended as a short-term support payment, to some form of welfare. I know the latter is a dirty work but that's relly what we're talking about when someone is unemployed for a year or two or three. Just sending an unemployment check and having them register at the local employment office obviously isn't working. If they need public assistance to feed and clothe and shelter themselves and their families, it's time to look at it as welfare and determine what we do as a society through our government (local, state and federal). But at some point we need to take it out of the realm of 'unemployment'.

April 24 2014 at 4:05 PM Report abuse rate up rate down Reply

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