Thursday, January 10, 2013

FOXNews.com: Weekly jobless claims rise by 4,000 to 371,000

FOXNews.com
FOX News Network - We Report. You Decide. // via fulltextrssfeed.com
Weekly jobless claims rise by 4,000 to 371,000
Jan 10th 2013, 13:32

WASHINGTON –  Weekly applications for U.S. unemployment benefits ticked up slightly last week, the latest sign of stability in the job market.

The Labor Department says applications rose 4,000 to a seasonally adjusted 371,000, the most in five weeks. The four-week average, a less volatile measure, increased 6,750 to 365,750, after falling to a four-year low the previous week.

A department spokesman says all states reported data and none were estimated. In the previous two weeks, many states were estimated because they weren't able to report data over the holidays.

Weekly applications are a proxy for layoffs. They have fluctuated for most of the past 12 months between 360,000 and 390,000. At the same time, employers added an average of 153,000 jobs a month in 2012, the same as in 2011.

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