clear
Tuesday May 5th, 2015 12:27PM

Jobless claims plunge to 298k, as layoffs slow

By The Associated Press
WASHINGTON (AP) -- The number of Americans applying for unemployment benefits tumbled 23,000 last week to 298,000, nearly a six-year low that shows companies are laying off fewer workers.

The Labor Department says the less volatile four-week moving average declined 10,750 to 322,250.

Last week's jobless claims nearly matched a September figure, which was distorted by late reporting from California. When excluding the September report, last week's figures were the lowest since May 2007.

Applications have fallen seven of the past eight weeks, a hopeful sign for job growth at the end of the year. The decline has corresponded with stronger hiring in recent months.

Last week included the Thanksgiving holiday, which can present challenges for seasonal adjustments. But government officials say there were no special factors affecting the report.
© Copyright 2015 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
S&P 500 index has its best year since 1997
The stock market closed out a record year with more all-time highs on Tuesday, giving U.S. indexes their biggest annual gains in almost two decades.
6:56PM ( 1 year ago )
Colorado readies for 'Green Wednesday' pot sales
Police were adding extra patrols around pot shops in eight Colorado towns that plan to allow recreational sales to anyone over 21 on Jan. 1.
1:52PM ( 1 year ago )
Kerry seeks framework for Mideast peace talks
A senior State Department official says Secretary of State John Kerry will try this week to get Israel and the Palestinians to agree on a framework for negotiating a final peace agreement, yet cautions against raising expectations for Kerry's latest round of shuttle diplomacy.
1:35PM ( 1 year ago )
U.S. News
Missing Ga. bank director arrested in Brunswick
A bank director accused of losing millions of investors' dollars before vanishing last year was arrested Tuesday during a traffic stop in a city in south Georgia.
7:00PM ( 1 year ago )
Amtrak to suspend some Crescent service in Jan., Feb.
Amtrak service will shut down in parts of the Southeast for several days in January and February for rail maintenance by Norfolk Southern Railway.
9:00AM ( 1 year ago )
Lung cancer scans urged for some smokers, not all
Certain current or former heavy smokers should start getting yearly scans for lung cancer to cut their risk of death from the nation's top cancer killer, government advisers said Monday - even as they stressed that the tests aren't for everyone.
7:26AM ( 1 year ago )
Business News
Sex offender held in Hall County for failing to register
A 47-year-old man was booked into the Hall County Jail Tuesday, being held without bond for allegedly failing to register as a sex offender, his second such arrest.
6:09PM ( 1 year ago )
Pharmacy robberies may involve same suspect
Oakwood Police Tuesday afternoon released details in a pharmacy robbery they're investigating, similar to one that happened in the Hall County Tuesday morning.
5:46PM ( 1 year ago )
Victim critical following apartment fire
A 41-year-old woman was in critical but stable condition Tuesday after being rescued from an apartment fire in Forsyth County late Monday afternoon.
3:16PM ( 1 year ago )
Local/State News
Bicyclist killed in Jackson Co. hit and run was local pastor
The bicyclist killed in a crash with a hit and run driver Monday has been identified as a Gainesville pastor.
12:11PM ( 16 minutes ago )
Huckabee, the other man from Hope, opens 2016 bid
HOPE, Ark. (AP) — The other man from Hope is running for president again.Declaring Tuesday that he can bring "the kind of change that truly can get America from hope to higher ground," former Arkansas...
11:53AM ( 33 minutes ago )
One killed in morning rush hour crash on Hwy. 316
A traffic accident that blocked Georgia SR 316 for most of the morning rush hour Tuesday left one person dead, according to the Georgia State Patrol.
11:25AM ( 1 hour ago )
Virginia murder suspect caught in Toccoa
Police say the former son-in-law of a man found shot to death in Virginia has been charged with first-degree murder.
By Associated Press
10:51AM ( 1 hour ago )
Two Gwinnett police officers hit, injured by vehicle during pursuit
Authorities are reporting that three Gwinnett County police officers were struck by a vehicle during an incident in the Snellville area early Tuesday morning.
By AccessWDUN staff
6:53AM ( 5 hours ago )