Applications for US Jobless Aid at Still-Low 302K

By: Associated Press
By: Associated Press
Slightly more Americans sought unemployment benefits last week, but the total number of people receiving jobless aid remains at its lowest level in more than seven years.

The unemployment rate has fallen to 6.1 percent - the lowest since September of 2008.

WASHINGTON (AP) -- Slightly more Americans sought unemployment benefits last week, but the total number of people receiving jobless aid remains at its lowest level in more than seven years.

The Labor Department says applications for jobless aid rose 4,000 to a seasonally adjusted 302,000. The four-week average, a less volatile measure, increased 3,000 to a still-low 299,750. A steady decline over the summer in applications means that 2.46 million people collected benefits last week, the lowest total since June 2007, a few months before the Great Recession began.

Applications are a proxy for layoffs. When employers keep their workers, it suggests that they are more confident about economic growth and possibly ready to increase hiring.

The government releases the August jobs report Friday. Economists forecast that employers added 220,000 jobs last month.

AP-WF-09-04-14 1238GMT


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 273925711 - wtvy.com/a?a=273925711
Gray Television, Inc.