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Jobless Claims Rise Slightly To 339,000

The number of Americans seeking U.S. unemployment benefits rose 8,000 last week to 339,000, evidence that layoffs ticked up. The Labor Department said Thursday that the four week a... More The number of Americans seeking U.S. unemployment benefits rose 8,000 last week to 339,000, evidence that layoffs ticked up. The Labor Department said Thursday that the four week average of applications, a less volatile measure, increased 3,500 to a seasonally adjusted 336,750. The average is roughly in line with pre-recession levels and suggests that, despite last week's rise, companies are cutting few jobs. Tepid job gains in January and December have raised concerns that the economy has lost momentum this year. The unemployment rate fell to a five-year low of 6.6%, from 6.7%. Less

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