The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Today

Hi94° Slight Chance Sprinkles

Tonight

Lo69° Partly Cloudy

Tuesday

Hi90° Sunny

Tuesday Night

Lo66° Mostly Clear

Wednesday

Hi88° Sunny

Wednesday Night

Lo64° Mostly Clear

Thursday

Hi85° Sunny

Thursday Night

Lo65° Mostly Clear

Friday

Hi91° Sunny

Friday Night

Lo68° Mostly Clear

Jobless claims take highest jump in six weeks

Send to Kindle
Print This

WASHINGTON — The number of Americans seeking unemployment benefits rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump came a week after applications had reached a five-year low.

The less volatile four-week average rose just 1,250 to 339,250, the Labor Department said today. That’s a level consistent with modest job gains.

The underlying story in jobless claims continues to be one of gradual improvement,” said Julia Coronado, an economist at BNP Paribas.

Coronado said the small rise in applications “highlight(s) the need to take volatile weekly readings with a grain of salt.”

Weekly applications are a proxy for layoffs. The big increase might mean companies are cutting more jobs, possibly because of steep government spending cuts that kicked in March 1.