Applications for US jobless aid fall, a sign of low layoffs

By  | 
View Map

WASHINGTON (AP) -- Fewer people sought U.S. unemployment benefits last week, evidence that employers are holding onto their staffs and may even step up hiring.

The Labor Department says weekly applications for unemployment aid dropped 18,000 to 259,000, the lowest level in two months. The four-week average, a less volatile measure, dropped to 267,000.

Applications are a proxy for layoffs, so the figures suggest that businesses are confident enough about the economy to keep their workers. Recent research by economists at JPMorgan Chase has found that fewer applications are consistent with steady hiring over time. Not as many people seek benefits when it is easier to find work.

Employers added just 38,000 jobs last month and an average of only 116,000 in the past three months, after growth slowed in the first quarter.

The comment sections of our web set are designed for thoughtful, intelligent conversation and debate. We want to hear from the viewers but we are not obligated to post comments we feel inappropriate or violate our guidelines. Here are some of the criteria you should follow when posting comments:

Comments cannot be profane or vulgar. Children and families visit this site. We will delete comments that use profanity or cross the lines of good taste.

We will delete all comments using hate speech. Slurs, stereotypes and violent talk aren’t welcome on our web site.

Comments should not attack other readers personally.

We will delete comments we deem offensive, in bad taste, or out of bounds. We are not obligated to post comments that are rude or insensitive.

We do not edit user-submitted comments.

As a host WEAU 13 News welcomes a wide spectrum of opinions. However, we have a responsibility to all our readers to try to keep our comment section fair and decent. For that reason WEAU 13 News reserves the right to not post or to remove any comment.
powered by Disqus