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First-time jobless claims drop by 27,000

May 3, 2012 at 12:04 PM   |   Comments

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WASHINGTON, May 3 (UPI) -- First-time jobless claims dropped by 27,000 in the week ended Saturday, with 365,000 initial claims filed, the U.S. Labor Department said

The four-week rolling average, which provides a steadier assessment than the weekly figures that can be volatile, rose marginally, up by 750 to 383,500.

The biggest increases in initial jobless claims for the week ended April 21 were all in the Northeast.

In New York, first-time claims for that week rose 15,467. In Massachusetts they rose by 4,333 and in Connecticut they rose by 1,776.

Concurrently, the largest decreases were in New Jersey (down by 5,748), Pennsylvania (down by 3,080) and Wisconsin (down by 1,841).

The U.S. unemployment rate is 8.2 percent, unchanged from February to March. The Labor Department's fresh look at the unemployment data is set to be released Friday.

© 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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