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Job seekers in Anaheim, Calif., in June 2010. (Roben Beck/AFP/Getty Images)
The number of Americans filing first-time claims for unemployment benefits fell last week, a sign that the job market continues to slowly improve. There were 385,000 initial jobless claims filed in the week ended March 12, the Labor Department said Thursday. That was down 16,000 from the previous week’s upwardly revised 401,000. Get the full story »
The number of people seeking jobless benefits jumped sharply last week, after two straight weeks of declines. The Labor Department said Thursday that initial claims for unemployment aid rose by 20,000 to a seasonally adjusted 457,000 for the week ending Oct. 30. Wall Street analysts polled by Thomson Reuters had expected a smaller rise.
New applications for unemployment insurance rose last week to their highest level in almost six months, a sign that employers are still cutting their staffs. The Labor Department says first-time claims for jobless benefits edged up by 2,000 to a seasonally adjusted 484,000. Analysts had expected a drop. That’s the highest total since the week of Feb. 20.
Initial claims have now risen in three of the last four weeks and are close to their high point for the year of 490,000, reached in late January. The four-week average, which smooths volatility, soared by 14,250 to 473,500, also the highest since late February. Get the full story »
