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Montevideo, May 26th 2019 - 02:17 UTC

US unemployment benefit applications climb for second week running

Thursday, September 15th 2011 - 18:47 UTC
Full article 3 comments
Benefit claims have held steady since early April Benefit claims have held steady since early April

The number of Americans filing new claims for jobless benefits rose unexpectedly last week in a sign concerns about a weak economy were sapping an already beleaguered labour market, data showed Thursday.

Applications for unemployment benefits climbed to 428,000 in the week ending September10 from an upwardly revised 417,000 the prior week, the Labour Department said.

It was the second straight week in which claims rose. Wall Street analysts had been looking for a dip to 410,000.

Excluding one week in early August, claims have held above 400,000 since early April. A Labour Department official said there was no discernible effect from Hurricane Irene or other storms in the national reading.

The four-week moving average of claims, which smoothed out volatility, rose to 419,500 from 415,500 the prior week.

Continuing claims eased to 3.726 million in the week ending September 3 from 3.738 million the previous week. The number of total recipients on benefit rolls was 7.144 million.

US employment growth ground to a halt in August, with zero net job creation raising fears of a new recession and putting pressure on the Federal Reserve to ease monetary policy further at its meeting later this month.

 

Categories: Economy, United States.

Top Comments

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  • briton

    more for dole money,
    how lucky are you to be argentine, very rich, no unemployment,
    high wages, high standard of living,
    [who says all this crap]
    why argie bloggers of course, lol.

    Sep 15th, 2011 - 06:58 pm 0
  • xbarilox

    blood of millions of deaths in the hands of the USA to steal people from their land and resources, but it wasn't enough to save them.

    “jobless benefits rose unexpectedly” unexpectedly lol, so funny Mercopress :)

    Sep 15th, 2011 - 08:27 pm 0
  • briton

    can you name these millions,
    or is this more fiction .

    Sep 15th, 2011 - 08:32 pm 0
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