Subscribe Register Login

Saturday, December 20, 2014, 1:19 a.m.
Top Picks - Mobile App

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

  • Transporter

    vantage point of northwest arkansas Is seeking qualified app...
    SPRINGDALE, AR

  • Dir. student success

    director of student success servicessouth Arkansas Community...
    EL DORADO, AR

  • Productionteamleader

    Production Team Leader - 2nd or 3rd shiftLeads team members ...
    RUSSELLVILLE, AR

  • Horticulture

    Windmill Nursery of Louisiana, LLC, Franklinton, LA now hiri...
    BOGALUSA, LA

  • Service tech/install

    er Garage Door Fixer is looking for a "er . Diagnose and rep...
    LITTLE ROCK, AR

Search 746 jobs >

Top Picks - Mobile App
Arkansas Online