Fewer Americans filed for unemployment benefits last week

[Omaha Steve]

Source: AP

By JOSH BOAK

WASHINGTON (AP) — Fewer people sought U.S. unemployment benefits last week, evidence that strong hiring should continue despite signs of slower economic growth at the start of 2015.

The Labor Department said Thursday that weekly applications for jobless aid fell 9,000 to a seasonally adjusted 282,000. The decrease suggests that a recent slowdown in manufacturing, housing starts and retail sales have not trickled into the job market, a possible indication that economic growth will rebound after a harsh winter.

The four-week average, a less volatile measure, tumbled 7,750 to 297,000. Over the past 12 months, the average has dipped roughly 7 percent.

Applications are a proxy for layoffs. The relatively low average shows that employers are holding onto workers and may increase hiring. Applications below 300,000 are generally consistent with solid monthly job gains.

FULL story at link.


Read more: http://bigstory.ap.org/article/e1c8582152b543688c0ca55d9bb854b4/fewer-americans-filed-unemployment-benefits-last-week

[americannightmare]

1. Yeah, because...

their benefits ended. Mine ended two weeks ago, so why would I continue to file?

[whatthehey]

2. Christ how many people need to learn the basics?

These numbers are initial claims for benefits - people who have just been laid off and want to start getting what just expired for you. It is a proxy measure for layoffs, not benefit expiration.