Subscribe Register Login

Tuesday, September 02, 2014, 5:36 a.m.
Top Picks - Capture Arkansas

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

  • Mental health para-professional

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

  • Sanitation technicians

    earn egg-cellent pay Along with an excellent compensation pa...
    SILOAM SPRINGS, AR

  • Surveyor & crew chie

    licensed surveyor &survey crew chiefengineering & Survey...
    BENTON, AR

  • Construction jobs

    forsgren, inchiring concrete finishers2 yrs. Experience Requ...
    FORT SMITH, AR

  • Janitorial

    the arkansas schoolfor the blind is seeking applicants for:I...
    LITTLE ROCK, AR

Search 912 jobs >

Top Picks - Capture Arkansas
Arkansas Online