News Summary: US jobless aid claims jump last week
CLAIMS RISE: The number of Americans seeking unemployment benefits jumped 20,000 last week to a seasonally adjusted 362,000, the Labor Department said. Despite the rise, that level is consistent with modest job gains.
DOWNWARD TREND: Applications have trended lower recently. The four-week average has declined 7.5 percent since mid-November and fell to a five-year low three weeks ago.
GOOD, NOT GREAT: Last week's increase puts applications back in the 360,000-to-390,000 range, where they have remained since early 2012. Since then, employers have added an average of 181,000 jobs a month, slowly pushing down the unemployment rate.
Business Photo Galleriesview all
- 90293Oklahoma tornadoes: The 'Big Dog,' the little boy and the hug that triumphs over tragedy
- 14176Bradley Cooper, Zach Galifianakis, Ed Helms drink in success of 'Hangover' series
- 8859Oklahoma tornadoes: Rams quarterback Sam Bradford leading aid effort
- 7859Hobby Lobby argues case before federal judges
- 7626Oklahoma tornadoes: ‘All I could do was sit there and hold her'
- 7605How to help tornado victims
- 6854OKC Thunder: Kevin Durant tours Moore, meets with residents