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.
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