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Political Economy
Posted at 10:49 AM ET, 07/21/2011

Jobless claims rose 10,000 in the last week


In this July 13, 2011 photo, National Tire & Battery area director Don Hudome, center, meets with an attendee at a National Career Fairs Job Fair, in Dallas. More people applied for unemployment benefits last week, evidence that layoffs are rising and the job market is weak. (AP Photo/Tony Gutierrez) (Tony Gutierrez - AP)
An unexpected rise in jobless claims indicate that the labor market is still struggling. Initial claims rose 10,000 in the week ending July 16, to 418,000, according to statistics released Thursday by the Department of Labor.

The Employment and Training Administration also revised the previous week's claims figure, for the weekend ending July 9, up to 408,000 from 405,000. Claims for jobless benefits had declined over the previous two weeks, ending on June 25 and July 2.

The four-week moving average, often considered a better indicator of the labor market, decreased by 2,750 to 421,250.

For the week ending July 9, the advance number for those drawing unemployment benefits for more than a week fell 50,000 from the preceding week's revised level of 3,748,000.

The largest increases in claims came from New York and Minnesota, which indicated that 1,750 of its reported initial claims are due to the state’s government shutdown, according to the release. The shutdown ended this week.

California, New Jersey, Massachusetts, Illinois and Connecticut saw the largest decline in jobless claims.

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By  |  10:49 AM ET, 07/21/2011

Tags:  U.S. Labor Department

 
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