KAKE | Wichita, Kansas | News

Jobless Claims Jump 16,000 To 357,000

By: Associated Press Email
By: Associated Press Email

Stay up-to-date with KAKE News:

Thursday, March 28, 2013

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.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 200415741 - kake.com/a?a=200415741