Subscribe Register Login

Friday, August 01, 2014, 11:28 a.m.
Top Picks - Arkansas Daily Deal

Weekly unemployment claims rise 17,000 to 361,000

By The Associated Press

This article was published December 20, 2012 at 8:45 a.m.

— The number of Americans applying for unemployment benefits rose last week by 17,000, reversing four weeks of declines.

The Labor Department reported that a seasonally adjusted 361,000 people sought unemployment aid the week that ended Saturday, from a revised 344,000 the week before.

But the less-volatile four-week moving average fell 13,750 to 367,750, the lowest since late October, suggesting that the job market continues to grow modestly. Applications had surged after superstorm Sandy, then fallen back.

Applications are a proxy for layoffs. So the drop of the four-week average suggests that companies are cutting fewer jobs, even if they aren’t hiring enough to lower the unemployment rate significantly.

The economy has generated an average of 151,000 jobs a month in 2012, not enough to pull high unemployment down sharply.

Comments on: Weekly unemployment claims rise 17,000 to 361,000

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Outside sales

    - Whit Davis Lumber Co. Must have residential construction ...
    JACKSONVILLE, AR

  • Property manager-f/t experienced

    on-site property mgr. Conv property in great LR location! M...
    LITTLE ROCK, AR

  • Outside sales

    outside sales:Local siding and window company Looking for ou...
    LITTLE ROCK, AR

  • Machine shop manager

    global machine company, located in Muskogee Oklahoma, is cur...
    MUSKOGEE, Oklahoma

  • Resident manager

    Resident Manager Team needed to oversee 600+ unit self stora...
    LITTLE ROCK, AR

Search 907 jobs >

Top Picks - Arkansas Daily Deal
Arkansas Online