The Economy

U.S. Initial Jobless Claims Rise 5,000

July 28, 2005

First-time filings for state unemployment benefits rose by 5,000 to a seasonally adjusted 310,000 last week, the U.S. Labor Department said Thursday. The four-week average of new claims -- which smoothes out one-time events that can distort the weekly ...

Agence France-Presse

First-time filings for state unemployment benefits rose by 5,000 to a seasonally adjusted 310,000 last week, the U.S. Labor Department said Thursday.

The four-week average of new claims -- which smoothes out one-time events that can distort the weekly figures -- dropped by 250 to 318,250, while continuing jobless claims rose by 32,000 to 2.60 million. Economists say the four-week average provides a more accurate snapshot of the labor market.

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2024. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.