Initial Jobless Claims Rise at Year's End

Washington, DC, Jan. 3, 2013 -- Initial claims for unemployment benefits rose to a five-week high, according to the Labor Department.

Initial jobless claims increased 10,000 to a seasonally adjusted 372,000 in the week ended Dec. 29.

Employment patterns during the holiday season can distort the claims report. Also, government offices close for several days.

                                                                                                                                                                                                                                 
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