facebook
twitter
search
search

First-time jobless claims rise by 25,000

Feb. 17, 2011 at 11:45 AM

WASHINGTON, Feb. 17 (UPI) -- First-time benefit claims for unemployment insurance rose higher than expected in the week ending Feb. 12, the U.S. Department of Labor said Thursday.

After falling by an average of 39,000 for the past two weeks, first-time claims rose by 25,000 to 410,000 in the week, the department said. The four-week rolling average rose by 1,750, to 417,750.

Economists expected about 401,000 initial claims to be filed.

The U.S. Federal Reserve said Wednesday the unemployment rate, currently at 9 percent, would remain stubbornly high through 2012.

The Labor Department said the biggest increases in jobless benefits claims for the week ending Feb. 5 were reported by Michigan with 2,693 additional claims, North Carolina, which added 1,222 and New Jersey, which added 877.

For the week ending Feb. 5, the biggest decreases were reported by Florida with a decline of 4,542, followed by Texas with a decline of 3,657 and South Carolina with a decline of 2,780.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Aetna to acquire Humana for $37 billion in cash, stocks
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue
U.S. proposes tighter pipeline spill rules