Thursday 9:30am
July 31, 2014
Currently 69°F
Posted: Thursday, June 19th 2014 at 8:48am

Fewer applications for jobless aid

By The Associated Press
EMAIL STORY CONTACT EDITOR PRINT
click to enlarge
WASHINGTON (AP) -- Fewer Americans sought unemployment benefits last week, as the number of people collecting jobless aid fell to its lowest level in more than six years.

The Labor Department says weekly applications for unemployment benefits fell 6,000 to a seasonally adjusted 312,000. The four-week average, a less volatile measure, declined to 311,750.

There are 2.56 million people receiving benefits. That's the lowest total since October 2007, about two months before the recession began.

Applications are a proxy for layoffs, so the relatively low number of people seeking benefits shows that employers are letting go of fewer workers. When businesses are confident enough to keep staff, they may also hire more workers. Job gains should feed stronger economic growth.

Last week the Labor Department said employers added a solid 217,000 jobs in May.
© Copyright 2014 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.


  • Click here
  • Click here
  • Click here
  • Click here
  • Click here
0.039163
icon
69°F
Gainesville, GA 30501
Mostly Cloudy
Wind: ENE 8 mph
Dew point: 58°F