U.S. jobless claims increases to 26,000 to 436,000

[News_Editor]

U.S. jobless claims increases to 26,000 to 436,000

2010-12-02 22:50:34 GMT+7 (ICT)

WASHINGTON, D.C. (BNO NEW) — Initial claims for unemployment insurance in the U.S. rose to 436,000 in the week ending November 27, an increase of 26,000, the U.S. Labor Department said on Thursday.

The report also shows that the 4-week moving average dropped to 441,000, a decrease of 5,750 from the previous week's revised average, which represents the lowest in over two years.

In addition, the department revealed that those unemployed with unemployment insurance remained unchanged at a rate of 3.4 percent for the week ending November 20, compared to last week's revised rate.

Furthermore, the jobless report showed a 53,000 decrease in the number of workers who continue to receive benefits under regular state unemployment programs with 4,270,000 during the week ending November 20. The 4-week moving average was 4,288,500, a decrease of 29,250 from the preceding week's revised average of 4,317,750.

The highest insured unemployment rates in the week ending Nov. 13 were in Alaska (6.3 percent), Puerto Rico (5.3), Oregon (4.6), Pennsylvania (4.2), California (4.1), New Jersey (4.0), Nevada (3.9), Arkansas (3.6), Connecticut (3.6), Illinois (3.6), and Montana (3.6).

The largest increases in initial claims for the week ending Nov. 20 were in California (+4,442), Pennsylvania (+4,124), Kentucky (+4,097), Illinois (+3,448), and Texas (+2,999), while the largest decreases were in Indiana (-1,161), Puerto Rico (-725), Hawaii (-253), the Virgin Islands (-18), and the District of Columbia (-7).

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