WASHINGTON — Initial claims for U.S. state unemployment benefits rose by 4,000 to 371,000 in the January 5 week, while continuing claims in the prior week fell to their lowest since in four and a half years, the Labor Department reported Thursday.

The initially reported 372,000 claims level for the Dec. 29 week was revised down to 367,000.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.