US Economy - 4-week average for jobless claims highest since '05 - by Martin Crutsinger
The number of newly laid off workers filing for unemployment benefits rose last week to 378,000, highest level in nearly two months, providing more evidence that the weak economy is having an adverse impact on the labor market. Part of the larger-than-expected increase may have been because of layoffs caused by an auto industry strike. The Labor Department said Thursday that the four-week average for new claims, which smooths out weekly variations and gives a better underlying signal on the state of the labor market, rose to 365,250, highest level since a flood of claims caused by the 2005 Gulf Coast hurricanes.
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