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Friday, April 19, 2013

US Unemployment Aid Applications Rise To 352K

The number of Americans seeking unemployment benefits increased just 4,000 last week to a seasonally adjusted 352,000. The slight gain kept applications at a level consistent with solid hiring and suggests March's sluggish hiring may be temporary.

The Labor Department report released Thursday also noted that the four-week average, a less volatile measure, rose only 2,750 to 361,250. Because the four-week average changes less than the weekly number, many economists say it better captures the pace of layoffs.

Applications are a proxy for layoffs. They jumped three weeks ago to a four-month high, but then plummeted the next week. The sharp fluctuations reflected volatility around the Easter holiday, department officials said. Overall, applications have declined slightly since January.

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3 comments:

  1. Thank You Obamaie, wait or are you still blaming Bush

    ReplyDelete
  2. Now we have mayor Ireton with Gov.O'taxem it will go up here now Nice job Salisbury,

    ReplyDelete
  3. Democrats do I need say more?

    ReplyDelete

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