U.S. jobless claims jumps to 428,000

2011-09-16 02:03:31 GMT+7 (ICT)

WASHINGTON, D.C. (BNO NEWS) -- Initial claims for unemployment insurance in the United States rose to 428,000 in the week ending September 10, representing an increase of 11,000 compared to the previous week, the U.S. Labor Department (DOL) reported on Thursday.

The latest DOL report shows that the 4-week moving average was 419,500, an increase of 4,000 from the previous week's revised average of 415,500. However, the department revealed that the number of unemployed with unemployment insurance for the week ending September 3 was unchanged compared to the previous week's 3.0 percent rate.

In addition, according to the DOL report, there was a decrease of 12,000 in the number of workers who claimed benefits under regular state unemployment programs, totaling 3,726,000 during the week ending September 3, while the 4-week moving average was 3,741,000, an increase of 1,250 from the preceding week's revised average of 3,739,750.

Meanwhile, the unadjusted, advance number of actual initial claims under state programs totaled 325,999 in the week ending September 10, a decrease of 22,495 from the previous week. There were 341,791 initial claims in the comparable week in 2010. The total number of people claiming benefits in all programs for the week ending August 27 was 7,144,143, a decrease of 25,033 from the previous week.

The highest insured unemployment rates in the week ending August 27 were in Puerto Rico (4.4), Pennsylvania (4.2), New Jersey (4.0), California (3.7), Connecticut (3.7), Oregon (3.5), Rhode Island (3.5), Nevada (3.4), Alaska (3.3), and New York (3.2).

The largest increases in initial claims for the week ending September 3 were in Kansas (+1,969), North Carolina (+1,450), Washington (+1,443), New Jersey (+1,324), and Texas (+1,239) while the largest decreases were in New York (-2,854), South Carolina (-2,118), Puerto Rico (-1,611), California (-576), and Virginia (-216).

-- © BNO News All rights reserved 2011-09-16

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