Applications for unemployment aid dip to 367K

By: Associated Press Email
By: Associated Press Email

The number of people applying for unemployment benefits ticked down last week after dropping sharply the previous week, evidence that hiring could pick up this month.

The Labor Department says weekly applications dropped 1,000 to a seasonally adjusted 367,000. The previous week's figures were revised up slightly. The four-week average, a less volatile measure, fell 5,250 to 379,000.

Applications are a measure of the pace of layoffs. When they stay consistently below 375,000, it suggests job growth is strong enough to lower the unemployment rate.

Applications are falling again after rising for most of April. The spike in applications coincided with weaker hiring in March and April, raising fears that the job market is sputtering.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email: newscenter16@wndu.com
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 150997945 - wndu.com/a?a=150997945
Gray Television, Inc.