US Unemployment Aid Applications Tick Up to 371K
From The Curious Capitalist
January 10, 2013 - 10:44am
WASHINGTON — Weekly applications for U.S. unemployment benefits ticked up slightly last week, the latest sign of slow but consistent gains in the job market. The Labor Department said Thursday that applications rose 4,000 to a seasonally adjusted 371,000, the most in five weeks. The previous week’s total was revised lower. The four-week average, a less volatile measure, increased 6,750 to 365,750, after falling to a four-year low the previous week. A department spokesman says all states reported data and none were estimated. In the previous two weeks, the department relied heavily on estimates because many states weren’t able to report data over the holidays. (MORE: Is Most Personal Finance Advice Useless?) The figures “continue to suggest steady but modest U.S. employment gains,” Robert Kavcic, senior economist at BMO Capital Markets, said in a note to clients....
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