Jobless claims showed little change in the week ending May 5, dipping to 367,000, a decrease of 1,000 from the previous week’s revised figure of 368,000, the Labor Department announced Thursday. The four-week moving average, a less volatile number that flattens out week-to-week fluctuations in the data, was 379,000, a decrease of 5,250 from the previous week. This slight improvement eases concerns over the job market recovery following last week’s less-than-forecast April jobs report that showed the economy added a disappointing 115,000 jobs. Jobless claims declined last week following steady climbs in the weeks previous. The number of Americans filing for continuing unemployment claims during the week ending April 28 was 3,229,000, a decrease of 61,000 from the preceding week. The four-week moving average was 3,290,000, a decrease of 10,500 from the prior week. The total number of people claiming benefits in all programs for the week ending April 21 (the most recent data available) was 6,423,383, a decrease of 174,529 from the week before. States reported 2,688,157 persons claiming emergency unemployment benefits for the week ending April 21, a decrease of 36,275 from the prior week. There were 3,415,581 claimants in the comparable week in 2011. The largest increases in initial jobless claims for the week ending April 28 were in Florida, Illinois, Indiana, New Hampshire, and Pennsylvania. The largest decreases were in California, Connecticut, Georgia, Massachusetts, and New York.
Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.
A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.