Weekly US Jobless Aid Applications Fall To 369K - NewsChannel5.com | Nashville News, Weather & Sports

Weekly US Jobless Aid Applications Fall To 369K

Posted: Updated:
  • NationalMore>>

  • Teen missed Africa, had no clue he was in Maui

    Teen missed Africa, had no clue he was in Maui

    Wednesday, April 23 2014 9:44 PM EDT2014-04-24 01:44:45 GMT
    For all the tens of billions of dollars that the nation has spent on screening passengers and their bags, few airports made a comparable investment to secure the airplanes themselves.more>>
    Long flights can leave anyone a little unsteady, but a teenager who defied the odds, surviving a flight from California to Hawaii tucked in a jetliner's wheel well, was disoriented, thirsty and could barely walk after...more>>
  • Small Wyoming town evacuated after gas explosion

    Small Wyoming town evacuated after gas explosion

    Wednesday, April 23 2014 9:04 PM EDT2014-04-24 01:04:22 GMT
    A small town in southwest Wyoming has been evacuated after an explosion and fire at a natural gas pipeline hub.more>>
    A small town in southwest Wyoming was evacuated Wednesday after an explosion and fire at a natural gas processing facility and major national pipeline hub. There were no reports of injuries.more>>
  • Witness: Iraqi teens posed no threat before death

    Witness: Iraqi teens posed no threat before death

    Wednesday, April 23 2014 8:55 PM EDT2014-04-24 00:55:37 GMT
    The two unarmed Iraqi brothers posed no threat as they herded cattle in a palm grove where a U.S. Army reconnaissance team was hidden one day seven years ago. But then-Staff Sgt. Michael Barbera took a knee,...more>>
    Two unarmed Iraqi brothers posed no threat as they herded cattle in a palm grove where a U.S. Army reconnaissance team was hidden one day seven years ago, a former soldier said Wednesday at a preliminary hearing.more>>

WASHINGTON (AP) - Weekly applications for U.S. unemployment aid fell last week to a seasonally adjusted 369,000, a level consistent with modest hiring.

The Labor Department said unemployment benefit applications dropped by 23,000, from a revised 392,000 the previous week. The four-week average, a less volatile measure, rose to 368,000.

The figures appear to have stabilized after being distorted in the previous two weeks by seasonal adjustment problems.

Applications are a proxy for layoffs. When they fall below 375,000, it suggests hiring is strong enough to lower the unemployment rate.

Applications have fluctuated between 360,000 and 390,000 since January. At the same time, employers have added an average of nearly 150,000 jobs a month. That's barely enough to lower the unemployment rate, which has declined from 8.3 percent to 7.8 percent this year.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 NewsChannel 5 (WTVF-TV) and WorldNow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.