Fewer jobless
Source: Agencies |
May 4, 2012, Friday
|
Print Edition
Print Edition
THE number of Americans seeking unemployment benefits fell last week by the most in nearly a year. The figure was a hopeful sign that hiring could pick up in coming months.
The US Labor Department yesterday said weekly unemployment aid applications fell 27,000 last week to a seasonally adjusted 365,000.
Applications are a measure of the pace of layoffs. When they fall below 375,000, it generally suggests that hiring will be strong enough to lower the unemployment rate.
The US Labor Department yesterday said weekly unemployment aid applications fell 27,000 last week to a seasonally adjusted 365,000.
Applications are a measure of the pace of layoffs. When they fall below 375,000, it generally suggests that hiring will be strong enough to lower the unemployment rate.
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