Tags: jobless | claims | higher

U.S. Jobless Claims Edge Higher

Thursday, 10 Dec 2009 10:04 AM

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

WASHINGTON — New U.S. claims for unemployment benefits rose in the past week but held below the level of 500,000, government data showed Thursday.

New unemployment claims in the week ending December 5 climbed to 474,000 from the prior week's unrevised 457,000, the Labor Department said.

Private economists had expected a drop in new claims to 455,000.

Special: Get Sarah Palin’s New Book – Incredible FREE Offer -- Click Here Now.

Overall, the report showed further stabilization of a labor market hit hard by the recession.

The four-week moving average, which smooths out week-to-week volatility, fell 7,750 to 473,750.

The insured unemployment rate was 3.9 percent for the week ending November 28, a decrease of 0.2 percentage points from the prior week.

Additionally, the number of people receiving benefits for the week to November 28 was 5,157,000, a decrease of 303,000 from the preceding week.

The weekly report offers an up-to-date snapshot of the job market, critical to US economic recovery from recession.

The report came less than a week after data showing the official unemployment rate fell in November to 10.0 percent from 10.2 percent, suggesting the problems in the job market had peaked. The report showed 11,000 jobs were lost in the month, a sharp drop from previous months.

Copyright © 2009 AFP. All rights reserved.

-

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Study: Marijuana Use Has Increased in Colorado

Saturday, 27 Dec 2014 09:00 AM

Colorado emerged as the state with the second-highest percentage of regular marijuana users as it began legalizing the d . . .

Michigan to Drug-Test Some Suspected Welfare Recipients

Friday, 26 Dec 2014 22:07 PM

Some of Michigan's welfare recipients will be drug-tested if they're suspected of using drugs, under a year-long pilot p . . .

Experts: Cuomo Ban Means Fracking Boom Will Bypass NY

Friday, 26 Dec 2014 20:55 PM

Voters in New York overwhelmingly support Gov. Andrew Cuomo's announcement last week that he was imposing an indefinite  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved