Channel NewsAsia

US weekly jobless claims rise

Initial jobless claims, an indicator of the pace of layoffs, totalled 329,000 in the week to April 19, up from 305,000 the previous week and 301,000 two weeks earlier.

WASHINGTON: New claims for US unemployment insurance benefits jumped last week after hovering close to a seven-year low for the first half of April, the Labour Department said on Thursday.

Initial jobless claims, an indicator of the pace of layoffs, totalled 329,000 in the week to April 19, up from 305,000 the previous week and 301,000 two weeks earlier.

The four-week moving average picked up slightly to 316,750, still well below the average of 354,750 a year ago.

Layoffs have held below the 350,000 level since April 2013 as the job market firms. But unemployment remains high at 6.7 percent as hiring has grown slowly.

Tweet Photos, Videos and Update on this Story to  #cna