First-time jobless claims down by 35,000

July 26, 2012 at 12:10 PM
| License Photo

WASHINGTON, July 26 (UPI) -- First-time jobless claims fell by 35,000 in the week ending Saturday, almost erasing the 36,000 increase from the previous week, the U.S. Labor Department said.

The weekly report issued Thursday said last week's total for first-time unemployment benefit claims was 388,000, not 386,00 as previously reported.

For the current week, claims fell to 353,000. The four-week rolling average, which gives a steadier indication of the direction of jobless claims, fell by 8,750 to 367,250, the department said.

The largest increases in initial claims for the week ending July 14 were in California (up by 26,244), North Carolina (up by 11,948) and Georgia (up by 8,372). The largest decreases were in New York (down by 10,794), Michigan (down by 7,453) and Kentucky (down by 4,904).

The U.S. unemployment rate is 8.2 percent. After rising 0.1 of a percentage point from April to May, it remained unchanged in June on the addition of 80,000 jobs.

Related UPI Stories
Latest Headlines
Trending Stories
House Majority Leader Kevin McCarthy drops bid for speaker
WikiLeaks offering $50K for video of Afghan hospital bombing
Murdoch sorry for implying Obama's not a 'real black president'
Reid sues exercise companies over eye injury
Lumber Liquidators to pay $10M in DOJ settlement