- CNTV English - CCTV News

Homepage > News > Biz >

U.S. jobless claims tick up slightly

11-24-2011 15:57 BJT

WASHINGTON, Nov. 23 (Xinhua) -- The number of Americans initially applying for unemployment aid last week edged higher after declining steadily in the past two months, the U.S. Labor Department reported Wednesday.

The Labor Department said that the advance figure for seasonally adjusted initial claims for jobless benefits was 393,000 in the week ending Nov. 19, an increase of 2,000 from the previous week's revised figure.

Fewer than 425,000 people applying for aid is consistent with modest job growth, but the number of jobless claims will have to fall to 375,000 or below to signal a sustained drop in the unemployment rate.

However, the four-week moving average, which more closely watched claims figure, continued to dip to 394,250, the lowest level since April.

The advance figure for seasonally adjusted insured unemployment during the week ending November 12 was 3.691 million, an increase of 68,000 from one week earlier.

The U.S. unemployment rate edged down to 9 percent from 9.1 percent in October. However, few experts believe that the job market will return to normal levels in the short term due to weaker economic growth.

The U.S. economic growth rate was downwardly revised to an annual rate of 2 percent in the third quarter from the previous estimate of 2.5 percent, the Commerce Department announced Tuesday.

The weekly figures of jobless benefits application reflect the level of layoffs and indicate real-time condition of the American job market.

Editor:Wang Xiaomei |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program