facebook
twitter
rss
account
search
search
 

First-time jobless claims drop by 41,000

Nov. 21, 2012 at 11:54 AM   |   Comments

WASHINGTON, Nov. 21 (UPI) -- The U.S. Labor Department Wednesday said first-time jobless benefits claims dropped by 41,000 in the week ending Saturday.

Initial benefits claims were expected to ease back significantly, as the previous week's upward spike of 78,000 was attributed to a backlog of claims due to Hurricane Sandy and the destruction that disrupted some jobs.

The hurricane pushed claims to a number unseen since the week of April 30, 2011.

For the current week, there were 410,000 first-time claims filed. The four-week rolling average for the week rose by 9,500 to 396,250.

First-time unemployment benefits claims under state programs totaled 397,671 for the week, a decrease of 80,872 from the previous week, the Labor Department said.

There were 440,157 initial benefits claims in the comparable week in 2011, the department's Employment and Training Administration 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.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
2
E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover
3
Pizza Hut hoping the "Skinny Slice" will mean big bucks
4
Tony Hayward: Kurdish oil sector open for business Tony Hayward: Kurdish oil sector open for business
5
EBRD: Sanctions hurting Russia EBRD: Sanctions hurting Russia
Trending News
Video
x
Feedback