Related News
Fewer Americans apply for dole
Source: Agencies |
November 18, 2011, Friday
|
Print Edition
Print Edition
THE number of Americans applying for unemployment benefits fell last week to the lowest level since early April, a sign that layoffs are easing and hiring may pick up.
Weekly applications fell by 5,000 to a seasonally adjusted 388,000, the US Labor Department said yesterday. It was the fourth decline in five weeks.
The four-week average, a less volatile measure, slid to 396,750. That's the first time the average has been below 400,000 in seven months.
Applications need to consistently drop below 375,000 to signal sustained job gains. They haven't been that low since February.
The job market "is still weak but there are hopeful signs of some modest improvement," Steven Wood, an economist at Insight Economics, said in a note to clients.
The number of people receiving benefits also fell to the lowest level since September 2008 when Lehman Brothers collapsed and the financial crisis intensified.
Some people may no longer be getting benefits because they've found jobs. But a larger number have likely used up all their benefits, Wood said.
Weekly applications fell by 5,000 to a seasonally adjusted 388,000, the US Labor Department said yesterday. It was the fourth decline in five weeks.
The four-week average, a less volatile measure, slid to 396,750. That's the first time the average has been below 400,000 in seven months.
Applications need to consistently drop below 375,000 to signal sustained job gains. They haven't been that low since February.
The job market "is still weak but there are hopeful signs of some modest improvement," Steven Wood, an economist at Insight Economics, said in a note to clients.
The number of people receiving benefits also fell to the lowest level since September 2008 when Lehman Brothers collapsed and the financial crisis intensified.
Some people may no longer be getting benefits because they've found jobs. But a larger number have likely used up all their benefits, Wood said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
