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Unemployment and Layoffs
Jobless claims rise modestly but remain low
Jobless claims rise modestly but remain low

Jobless claims rose modestly last week but remained low, indicating that the labor market is continuing to grow at a solid pace. The number of people filing for first-time unemployment benefits increased to 317,000 in the week ended Saturday, up from the previous week's revised figure of 313,000, the Labor Department said Thursday. Economists had expected claims to drop to 309,000 last week. The four-week average, which smoothes out some volatility, rose by 4,750 last week, to 315,250. The previous week, the average had hit its lowest level since June 2007, six months before the Great Recession began. Overall, the number of people receiving benefits rose by 11,000, to 2.61...

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