• Most Popular
  • Most Shared

Jobless claims jump in latest week

WASHINGTON
Thu Sep 4, 2008 8:56am EDT
Job seekers waits in line outside a Monster.com job fair in Los Angeles, July 23, 2008. REUTERS/Fred Prouser

WASHINGTON (Reuters) - The number of U.S. workers filing new claims for jobless benefits jumped by 15,000 last week, the government reported on Thursday, adding to signs of a weakening labor market.

Hot Stocks  |  Bonds  |  Global Markets

Initial claims for state unemployment insurance benefits climbed to a seasonally adjusted 444,000 in the week ended August 30 from a revised 429,000 in the prior week, the Labor Department said. Analysts polled by Reuters had forecast 425,000 claims, the same as the previously reported count for the prior week.

A Labor Department official said there were no special factors influencing the latest claims data. The official said that in coming weeks there will be an impact on claims because of workers who were displaced by a hurricane that hit southeastern states last week but said it was not a factor in last week's figures.

The number of continued claims -- people remaining on benefit rolls after drawing an initial week of aid -- rose 6,000 to 3.44 million in the week ended August 23, the latest period for which the data was available. That was the highest reading since November 2003.

(Reporting by Glenn Somerville; Editing by Andrea Ricci)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article