Jobless claims in the week ending May 26 rose to a one-month high of 383,000, an increase of 10,000 from the previous week’s revised figure of 372,000, the Labor Department reported Thursday. The four-week moving average, a less volatile number that flattens out week-to-week fluctuations in the data, was also 374,500, an increase of 3,750 from the previous week’s revised average of 370,750. Analysts consider 375,000 jobless claims to be a benchmark that signals strong enough hiring to lower the unemployment rate. The number of Americans filing for continuing unemployment claims during the week ending May 19 was 3,242,000, a decrease of 36,000 from the preceding week. The 4-week moving average was 3,263,750, a decrease of 12,000 from the prior week. The total number of people claiming benefits in all programs for the week ending May 12 was 6,137,862, a decrease of 30,753 from the week before. States reported 2,618,366 persons claiming emergency unemployment benefits for the week ending May 12, a decrease of 12,141 from the prior week. There were 3,416,540 claimants in the comparable week in 2011. The largest increases in initial jobless claims for the week ending May 19 were in California, Florida, Maryland, South Carolina, and Texas. The largest decreases were in Georgia, Michigan, Pennsylvania, Washington, and Wisconsin.
Source: http://www.millionairecorner.com/article/jobless-claims-increase-one-month-high
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