Jobless Claims Rise Surprising Economists

dpartment of labor logoFirst-time unemployment filings rose last week, according to a report from the U.S. Department of Labor, surprising economists who had expected a decline to 465,000.

Initial jobless claims rose to 480,000 for the week ending Dec. 12, from 473,000 the previous week. It’s the second week in a row that new filings increased. However, the four-week moving average fell for the 15th week straight. The Labor Department says on average, in each of the last four weeks, 467,500 new claims for unemployment benefits were filed.

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The Labor Department report says 5.186 million Americans filed a continuing claim during the week. That’s an increase of 5,000 from the previous week, but over the previous four weeks, the weekly average of continuing claims was down.

John Zappe is the editor of TLNT.com and a contributing editor of ERE.net. John was a newspaper reporter and editor until his geek gene lead him to launch his first website in 1994. He developed and managed online newspaper employment sites and sold advertising services to recruiters and employers. Before joining ERE Media in 2006, John was a senior consultant and analyst with Advanced Interactive Media and previously was Vice President of Digital Media for the Los Angeles Newspaper Group.

Besides writing for ERE, John consults with staffing firms and employment agencies, providing content and managing their social media programs. He also works with organizations and businesses to assist with audience development and marketing. In his spare time  he can be found hiking in the California mountains or competing in canine agility and obedience competitions.

You can contact him here.

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