US jobless claims unexpectedly rise last week

WASHINGTON, April 14 Thu Apr 14, 2011 8:30am EDT

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WASHINGTON, April 14 (Reuters) - New U.S. claims for unemployment benefits unexpectedly rose last week, bouncing back above the key 400,000 level, a government report showed on Thursday.

Initial claims for state unemployment benefits rose 27,000 to a seasonally adjusted 412,000, the Labor Department said.

Economists polled by Reuters had forecast claims slipping to 380,000. The prior weeks figure was revised up to 385,000 from the previously reported 382,000.

The four-week moving average of unemployment claims -- a better measure of underlying trends - climbed 5,500 to 395,750.

The rise in claims interrupted a downward trend that had kept them below the 400,000 threshold for four weeks. That level is normally associated with steady job growth. Despite last wee 536870913 1804759840

A Labor Department official said claims tend to rise the first week of a new quarter.

The number of people still receiving benefits under regular state programs after an initial week of aid fell 58,000 to 3.68 million in the week ended April 2, the lowest level since Septem 536870913 1650815520

The number of people on emergency unemployment benefits fell 12,245 to 3.55 million in the week ended March 26, the latest week for which data is available. A total of 8.52 million people 536870913 544695666

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Comments (1)
sharonsj wrote:
“Unexpectedly”? That’s a joke, right? As long as Republican governors axe thousands of state workers (while giving tax cuts to the rich and raises to their bloated staff), there will be no recovery. And there never was a recovery in the first place.

The more people lose their jobs, the more state and federal revenue drops, the more people will lose their jobs. If you voted Republican–because you bought their drumbeats about the deficit–you didn’t understand that the only way to save the economy was a STIMULUS! This country is toast.

Apr 14, 2011 6:56pm EDT  --  Report as abuse
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