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First-time jobless claims up by 24,000

Jan. 12, 2012 at 11:40 AM   |   Comments

WASHINGTON, Jan. 12 (UPI) -- Initial unemployment claims rose by 24,000 to a seasonally adjusted 399,000 for the week ending Jan. 7, the U.S. Labor Department said Thursday.

The previous week's revised figure was 375,000, the department said in a release.

At 381,750, the four-week moving average held to less than 400,000 for the ninth consecutive week.

The U.S. unemployment rate was 8.5 percent in December, down from November's 8.6 percent on a gain of 200,000 jobs.

The advance number of actual unadjusted first-time joblessness claims under state programs was 642,381 in the week, an increase of 102,314 from the previous week, Labor Department officials said.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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