25 April 2024

US Jobless Claims Rise Modestly

Share This Story

Source: Department Of Labor | Date: April 13, 2013

Initial jobless claims in the US rose slightly to 352k in the week ending April 13 from 348k the prior week and the four-week moving average rose to 361k from 359k the prior week.  The Department of Labor said that California and Kentucky were estimated but gave no clear reason.  This is now the fourth consecutive weekly rise in the 4wma after four straight previous declines. The insured unemployment rate was unchanged at 2.4%.  In all, this report suggests that the Q1 growth, which led to a post-recession low in both initial and continuing claims in March, softened in late March and April, in line with our expectation of a drop-off in GDP growth from 3.0% in Q1 to 1.5% in Q2.   

For full article, click here  


Join Our Online Community
Be part of the USDJ movement to grow the middle class. Connect with others, track relevant news and blogs, and make a difference!
US Daily Journal Social News
Follow Us