News
12:37 pm
Thu July 19, 2012

Ohio, national jobless claims rise

The Labor Department says the number of claims for unemployment insurance benefits in Ohio rose by nearly 6-thousand last week, third most behind New York and Michigan. Nationally, claims rose by 34-thousand to a seasonally adjusted 386-thousand, reversing a decline from the previous week. Economists note the Department struggles to adjust claims figures to reflect temporary summertime layoffs in the auto industry. Many automakers are foregoing the typical factory shutdowns amid stronger sales. Applications must fall consistently below 375-thousand to lower the unemployment rate.