cloudy
Sunday May 3rd, 2015 4:57PM

Unemployment aid applications surge to 368,000

By The Associated Press
WASHINGTON (AP) -- The number of people seeking U.S. unemployment benefits rose 68,000 last week to a seasonally adjusted 368,000, the largest increase in more than a year.

The surge could be a troubling sign if it lasts. But it likely reflects the difficulty adjusting for delays after the Thanksgiving holiday.

The Labor Department says the less volatile four-week average rose 6,000 to 328,750. That is close to pre-recession levels and generally a positive sign for job gains.

Applications for unemployment aid are a proxy for layoffs. A steady decline over the past year suggests that fewer Americans have lost their jobs. Economists will track the next few weeks closely to see if that trend is reversing, or if the surge is a temporary blip caused by seasonal adjustments.
© 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 This material may not be published, broadcast, rewritten, or redistributed without permission.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
Police have identified a man shot near the Underground
Police have identified a man shot near the Underground Atlanta shopping and entertainment complex in the city's downtown area. Authorities say the suspected gunman ran to Underground Atlanta after firing shots at another man near Peachtree Street and Martin Luther King Jr. Drive. Police later identified the victim as at 24-year-old Khiry Clemons.
2:45PM ( 2 hours ago )
Survey says Suwanee residents happier with their city than most
The results of the National Citizen Survey suggest that residents of Suwanee are happier with their city overall than most others across the country.
9:00AM ( 7 hours ago )
Grand jury recommends charging Georgia officer in shooting
A grand jury has recommended criminal charges be considered against an Avondale Estates police officer who fatally shot a 20-year-old man, DeKalb County District Attorney Robert James said.
By Associated Press
8:12AM ( 8 hours ago )
Dust explosion damages Gainesville business
A dust fire was reported at about 6:15 p.m. Saturday evening at Pilgrim's Pride just off Bradford Street in Gainesville.
By Staff
7:00AM ( 9 hours ago )
Car crashes into Suwanee apartment complex
Residents from five units of a Suwanee apartment complex are being moved temporarily after a car crashed into their building.
9:17PM ( 19 hours ago )