WASHINGTON — The number of people seeking U.S. unemployment benefits rose 8,000 last week to 339,000, evidence that layoffs ticked up. Still, the increase wasn’t enough to suggest the job market is worsening.
The Labor Department said Thursday that the four week average of applications, a less volatile measure, increased 3,500 to a seasonally adjusted 336,750.
The average is roughly in line with pre-recession levels and suggests that, despite last week’s rise, companies are cutting few jobs. Applications are a proxy for layoffs. More
this is a load of crap, since over 1 million fell off the rolls due to the lack of extension. simply cooking the books
ReplyDelete
ReplyDeleteAnd the flip side is that without a certain amount of time on a job even applying is fruitless.
Also so many jobs have been cut that in a sense, there are fewer left to cut!
When I apply for unemployment should I fine tune my resume?
ReplyDelete