Tags: US | Economy

Jobless Claims Rise On Snow-Related Layoffs

Thursday, 25 February 2010 08:37 AM EST

The number of new claims for unemployment benefits jumped unexpectedly last week as heavy snows caused layoffs to rise.

A Labor Department analyst says mid-Atlantic and New England states are still processing a spike in claims stemming from the bad weather two weeks ago.

The department says first-time claims for unemployment insurance rose by 22,000 to a seasonally adjusted 496,000. Wall Street analysts polled by Thomson Reuters expected a drop to 455,000.

The four-week average, which smooths volatility, rose by 6,000 to 473,750. Continuing claims were essentially unchanged at 4.6 million.

Initial claims are considered a gauge of the pace of layoffs and an indication of companies' willingness to hire new workers.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


US
The number of new claims for unemployment benefits jumped unexpectedly last week as heavy snows caused layoffs to rise.A Labor Department analyst says mid-Atlantic and New England states are still processing a spike in claims stemming from the bad weather two weeks ago.The...
US,Economy
112
2010-37-25
Thursday, 25 February 2010 08:37 AM
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