The Wenatchee World

Weather:

Weather

Five-day forecast

Remove this weather forecast

This Afternoon

Hi66° Partly Sunny

Tonight

Lo46° Mostly Cloudy

Monday

Hi66° Slight Chc Showers

Monday Night

Lo48° Chance Showers

Tuesday

Hi60° Chance Showers

Tuesday Night

Lo38° Slight Chc Showers

Wednesday

Hi60° Mostly Sunny

Wednesday Night

Lo41° Partly Cloudy

Thursday

Hi61° Chance Showers

Thursday Night

Lo42° Chance Showers

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.

All comments are moderated before appearing. For more information, please read the approval guidelines. Questions? See our Disqus commenting FAQ or our full commenting policy.

Comments Help

A few important points:

  • You must have a Disqus account to comment (your Wenatchee World login and Disqus login are completely separate)
  • You must provide your first and last name
  • Your comment must be civil

For more information see our Disqus commenting FAQ or our full commenting policy