clear
Sunday September 25th, 2016 8:09PM

Jobless aid applications rise to 311,000

By The Associated Press
WASHINGTON (AP) -- More people applied for U.S. unemployment benefits last week, although jobless claims continue to be close to pre-recession levels.<br /> <br /> Weekly applications for unemployment aid climbed 21,000 to a seasonally adjusted 311,000, the Labor Department said Thursday. The prior week's was revised up slightly to 290,000.<br /> <br /> The four-week average, a less volatile measure, rose 2,000 to 295,750. That continues to be close to averages that predate the beginning of the Great Recession in late 2007.<br /> <br /> "Stepping back from the weekly volatility," said Jennifer Lee, senior economist at BMO Capital Markets, "the trend is still very encouraging and points to continued job growth."
© Copyright 2016 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.