Weekly jobless claims tick back above 400,000

By CNN
Posted Feb. 17 at 7:51 a.m.

The number of Americans filing first-time claims for unemployment benefits edged up last week, the government said Thursday. There were 410,000 initial jobless claims filed in the week ended Feb. 12, according to the Labor Department.

That was up 25,000 from the week before, and slightly more than the 408,000 claims economists surveyed by Briefing.com had expected.

Continuing claims — which include people filing for the second week of benefits or more — rose by 1,000 to 3,911,000 in the week ended Feb. 5, the most recent week available.

While initial claims data have been distorted recently by severe winter snow storms, the numbers have been trending lower for several months.

The weekly figure is near its lowest levels since July 2008.

The decline in jobless claims comes as the economy continues to show signs of strength. The Federal Reserve raised its forecast on Wednesday for economic growth this year, however the unemployment rate is expected to remain near 9 percent.

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