Posted: Thursday, August 14th 2014 at 9:09am
Jobless aid applications rise to 311,000
By The Associated Press
WASHINGTON (AP) -- More people applied for U.S. unemployment benefits last week, although jobless claims continue to be close to pre-recession levels.
Weekly applications for unemployment aid climbed 21,000 to a seasonally adjusted 311,000, the Labor Department said Thursday. The prior week's was revised up slightly to 290,000.
The four-week average, a less volatile measure, rose 2,000 to 295,750. That continues to be close to averages that predate the beginning of the Great Recession in late 2007.
"Stepping back from the weekly volatility," said Jennifer Lee, senior economist at BMO Capital Markets, "the trend is still very encouraging and points to continued job growth."
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