Thursday, April 26, 2012

Weekly jobless claims fall by just 1,000, less than expected

WASHINGTON -- The number of Americans filing requests for jobless benefits was virtually unchanged last week, falling 1,000 to 388,000, the US Labor Department said Thursday, keeping claims near their highest level of 2012.

Claims from two weeks ago were revised up to 389,000 from 386,000. Economists surveyed by MarketWatch projected claims would drop to a seasonally adjusted 375,000 in the week ended April 21.

The average of new claims over the past four weeks, meanwhile, climbed by 6,250 to 381,750, matching the highest level of the year.

Continuing claims increased by 3,000 to a seasonally adjusted 3.32 million in the week ended April 14, the Labor Department said. Continuing claims are reported with a one-week lag.

About 6.68 million people received some kind of state or federal benefit in the week ended April 7, down 87,160 from the prior week. Total claims are reported with a two-week lag.

To read more, go to MarketWatch

MarketWatch, US Labor Department, claims, Labor Department, jobless benefits

Nypost.com

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