U.S. Jobless Claims Jump 16,000 to 357,000 - 8 News NOW

U.S. Jobless Claims Jump 16,000 to 357,000

Posted: Updated:

WASHINGTON (AP) -- The number of Americans seeking unemployment benefits jumped by 16,000 last week, the second straight weekly increase. But the longer-term trend in layoffs remained consistent with an improved job market.

The Labor Department says applications increased to a seasonally adjusted 357,000 for the week ending March 23. That's up from 341,000 the previous week, which was revised slightly higher. The four-week average, a less volatile measure, rose 2,250 to 343,000. That's only slightly higher than the previous week's five-year low of 340,750.

Economists pay closer attention to the four-week average.

Applications are a proxy for layoffs. They have been declining steadily since November, coinciding with solid job growth.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KLAS. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.