US jobless claims up
Source: Agencies |
January 7, 2011, Friday
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Print Edition
Print Edition
MORE Americans applied for unemployment benefits last week, but not enough to reverse a downward trend that suggests employers will accelerate hiring in the coming months.
Applications remain slightly above the lowest level in two years and the four-week average of applications, a less-volatile measure, fell last week for the eighth time in nine weeks.
The US Labor Department yesterday said applications rose by 18,000 to a seasonally adjusted 409,000 in the week ended last Saturday. They fell to 391,000 in the previous week, the lowest point since July 2008. Even with the gains, the number of people applying for benefits was fewer than 425,000 - a threshold that signals modest job growth. The four-week average fell to 410,750, its lowest level since late July 2008.
Applications remain slightly above the lowest level in two years and the four-week average of applications, a less-volatile measure, fell last week for the eighth time in nine weeks.
The US Labor Department yesterday said applications rose by 18,000 to a seasonally adjusted 409,000 in the week ended last Saturday. They fell to 391,000 in the previous week, the lowest point since July 2008. Even with the gains, the number of people applying for benefits was fewer than 425,000 - a threshold that signals modest job growth. The four-week average fell to 410,750, its lowest level since late July 2008.
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