News > Job Market > Jobless claims rise to highest since March Jobless claims rise to highest since March WASHINGTON (AP) - The number of Americans filing new claims for unemployment benefits rose 11,000 to 315,000, the highest level since early March, the Labor Department reported Thursday. Private economists had been forecasting a much smaller rise of around 2,000 applications last week. Even with the bigger increase, claims remained at a level indicating a relatively strong labor market. The four-week moving average of claims, which smooths out weekly volatility, edged up slightly to 308,500 last week, compared to 305,750 the previous week. It was the highest level in three weeks. The labor market has been strong this year, posting a solid rebound after widespread layoffs in Gulf Coast states following a string of devastating hurricanes last year. In March, employers increased hiring 211,000 and the unemployment rate returned to a 4 1/2-year low of 4.7%. Analysts believe that labor markets will remain strong in coming months, thanks to solid economic growth that has continued despite a sharp runup in energy prices this year. The government will provide the first look at overall growth for the January-March quarter on Friday. Many economists believe it will show the gross domestic product, the economy's total output of goods and services, rising at a robust rate approaching 5%, up sharply from the sluggish 1.7% GDP growth rate turned in during the October-December quarter.					CORPORATE NEWS WALL STREET JOURNAL - Experts Weigh In on Job Boards - Interview with Sarah Hightower Hill, CEO of Chandler Hill Partners Full Story CAREER NEWS WASHINGTON, D.C. - Speeding up the job search process Full Story AUSTIN, TX - Don't let silence kill your chances of landing a new job! Full Story JOB MARKET NEWS Fortune/CNN Money.com - Secrets of the resume gatekeeper Full Story View All | Top
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