The Main Stream

Jun 14, 2012 1:07 PM

US unemployment aid applications rise to 386K

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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