Business News

First-time jobless claims drop by 5,000

Published: Feb. 7, 2013 at 8:49 AM

WASHINGTON, Feb. 7 (UPI) -- The U.S. Labor Department said first-time jobless benefits claims fell by 5,000 to 366,000 in the week that ended Saturday.

Initial claims for unemployment benefits dropped to 366,000 from 371,000, which is an upwardly revised figure from last week's claims previously announced 368,000.

The four-week rolling average for the week fell 2,250 to 350,500.

The unadjusted advance number of first-time unemployment benefits claims under state programs totaled 386,176 for the week, a 16,696 increase from the previous week, the Labor Department said.

For the comparable week of 2012, there were 401,365 initial claims.

Most Popular Collections

'Star Trek Into Darkness' screening	NBC upfronts	Met Ball 2013
'Great Gatsby' premieres in New York	Spire raised on top of One WTC	2013: Celebrity break ups and divorces

Additional Business News Stories
Energy Resources Obama threatens Keystone XL veto WASHINGTON, May 22 (UPI) -- U.S. President Barack Obama would veto a House measure that would fast-track the approval of the planned Keystone XL oil pipeline, the White House said. U.S. senators hear mixed assessment of shale Oettinger: EU studying 'fracking' as it seeks to cut energy prices More to U.S. oil than North Dakota, EIA says Canada's west coast readies for LNG exports	Security Industry Unspent billions of Chilean defense fund remain a mystery SANTIAGO, Chile, May 21 (UPI) -- More than $4 billion of cash reserved for Chilean military procurement remains unspent because of mysterious workings of funding arrangements. Oman to buy $2.1B Raytheon missile system Ukraine destroys Soviet-era missiles Northrop tapped for laser development Netherlands seeks continued F-16 training
Real Estate Foreclosure processing time at new high Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous... Altos: No sign of single family rental weakness -- yet CB Previews International draws the line on pocket listings Americans exit the housing crisis with new appreciation for renting Real Estate: Nothing to fear from zombie houses	Analysis: Economic Outlook This resembles austerity Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda. Fed shows it's human The name of the game The key to Keystone Mergers are us