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January 26, 2012 8:56 AM

Jobless benefits rise, Labor reports

Jobless claims are up this week to 377,000

Jobless claims are up this week to 377,000 

(AP) 

WASHINGTON The number of people seeking unemployment benefits rose last week to a seasonally adjusted 377,000, after a nearly four-year low the previous week.

The Labor Department says weekly applications increased 21,000. Applications had plummeted two weeks ago to their lowest level since April 2008. The four week average, a less volatile measure, is down to 377,500.

Applications have trended downward over the past few months. The average has fallen about 9 percent since Oct. 1.

Unemployment applications have been particularly volatile this month because employers have cut temporary workers hired for the holidays. The department adjusts for seasonal trends. But doing so accurately can be difficult.

Applications generally need to fall consistently below 375,000 to signal that hiring is strong enough to lower the unemployment rate.

© 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.
Add a Comment
by credibility2 January 26, 2012 12:10 PM EST
I know people on unemployment who refuse to look for work, including updating their resumes and checking job boards or going to job fairs, because it's easier for them to sit back and collect their checks. As long as the government keeps extending these benefits, their is no incentive to look for a job, any job, for the unemployed. And, as long as there are regulations and no tax incentives for businesses to create jobs, no jobs will be created. The government under our president's leadership, along with his party, have made things worse with this two-pronged detrimental approach to continuing unemployment.
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