Jobless Claims Drop By 6,000
June 28, 2012 by UPI - United Press International, Inc.
WASHINGTON (UPI) — First-time jobless claims fell by 6,000 in the week ended Saturday, the U.S. Labor Department said.
Initial claims for unemployment benefits fell to 386,000 from the previous week’s revised estimate of 392,000.
The four-week rolling average, which gives a steadier indication of the direction of jobless claims, was little changed, dropping by 750 to 386,750.
The largest increases in initial claims for the week ended June 16 were in Pennsylvania (up by 4,656), New Jersey (up by 3,907) and Maryland ( up by 2,624). The largest decreases were in California (down by 8,016), New York (down by 3,018) and Georgia (down by 2,160).
The U.S. unemployment rate is 8.2 percent, having risen 0.1 of a percentage point from April to May.