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Jobless claims rise 18,000 in latest week

WASHINGTON (MarketWatch) -- The number of people applying for unemployment benefits rose 18,000 to a seasonally adjusted 460,000 in the week ended April 3, the Labor Department reported Thursday. Economists surveyed by MarketWatch had expected a result of 442,000. The four-week average of initial claims -- a better gauge of employment trends than the volatile weekly number - rose 2,250 to 450,250. For the week ended March 27, continuing claims fell 131,000 to 4.55 million. The four-week average of these ongoing claims declined 36,000 to 4.65 million, the lowest level since January 2009. In the week ended March 20, about 5.8 million jobless workers, not seasonally adjusted, were receiving extended federal benefits, down 223,000 from the prior week. Altogether, 11.1 million people were collecting some type of unemployment benefits in the week ended March 20, down about 373,000 from the prior week. A Labor Department official said interpretation of the data around this time period is clouded by events such as Easter that make it difficult to properly adjust for seasonal factors
 

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