Weekly Jobless Claims Reverses Trend
Thursday, January 12, 2022 9:15 AM

The advance number of jobless claims jumped to 399 thousand for the first week ended January 7, 2012, the largest in six weeks, compared to 375 thousand in the earlier week thus reversing the recent fall in jobless claims.

Initial claims of jobless also increased to 642,381 from 540,067 in the previous week period ended December 31, 2011. The average jobless claims for the four-week period also rose to 381,750 from 374,000 in the previous week, data from the Labor Department indicate.

Report from the labor department also indicated that as many as 3.63 million are continued to claim jobless compared to 3.61 million in the earlier week.

The number of people getting unemployment benefits and emergency federal programs reached 7.3 million, the most for the recent date with an increase of 111,110 from the earlier week.

The advance unadjusted insured unemployed rate was 3.3 percent for the week ended December thus representing an increase of 30 basis point from the prior week’s unrevised rate.