Posted: Jun 14, 2012 10:07 AM
Updated: Jun 14, 2012 10:22 AM
WASHINGTON (AP) - More Americans sought unemployment aid last week, suggesting hiring remains sluggish.
The Labor Department says new claims for unemployment benefits rose by 6,000 to a seasonally adjusted 386,000. The increase came after the government revised the previous week up to 380,000.
The four-week average, a less volatile measure, rose for the third straight week to 382,000. That's the highest in six weeks.
Weekly applications are a measure of the pace of layoffs. When they drop below 375,000, it typically suggests hiring is strong enough to reduce the unemployment rate.
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