Newspaper article Charleston Gazette Mail

US Applications for Unemployment Benefits Jump

Newspaper article Charleston Gazette Mail

US Applications for Unemployment Benefits Jump

Article excerpt

WASHINGTON - More Americans requested unemployment benefits last week, but the level remains near historic lows in a positive sign for the job market. The numbers

Applications for jobless aid jumped 20,000 to a seasonally adjusted 287,000, the Labor Department said Thursday. The less volatile 4-week average climbed 4,500 to 277,000.

Over the past 12 months, the number of people receiving benefits has fallen 7.1 percent to 2.2 million.

The takeaway

The influx of part-time, seasonal jobs during the winter holidays can make the jobless claims figures volatile, but the employment gains of the past year look likely to continue. Applications for benefits are a proxy for layoffs, so the low level indicates that employers are keeping their workers and potentially planning to hire. …

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