clear
Saturday May 27th, 2017 2:21AM

Applications for US jobless aid fell to 3-month low

By The Associated Press
Related Articles
  Contact Editor

WASHINGTON (AP) — Fewer people sought U.S. unemployment benefits last week, a sign Americans are benefiting from solid job security.

The Labor Department says applications for weekly unemployment aid fell 4,000 to 232,000, the lowest level in nearly three months. The four-week average, a less volatile figure, declined 2,750 to 240,750.

Applications are a proxy for layoffs. They have been below 300,000, a historically low figure, for 115 weeks. That's the longest such streak since 1970.

The rock-bottom figure adds to evidence that companies are holding onto workers and hiring at a steady pace. Americans are spending more, factories have cranked up output and home sales are strong, boosting the economy after it barely expanded in the first three months of the year.

  • Associated Categories: U.S. News, Business News, Local/State News, Associated Press (AP), AP Business, AP Business - Corporate News, AP Business - Economy
© Copyright 2017 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Applications for US jobless aid fell to 3-month low of 232K
Applications for US unemployment benefits fell last week to 3-month low of 232,000
8:34AM ( 15 minutes ago )
Trump assails 'witch hunt' after naming of special counsel
President Donald Trump lashed out at the appointment of a special counsel to investigate allegations that his campaign collaborated with Russia to sway the 2016 election, tweeting that it is "the single greatest witch hunt of a politician" in history.
8:19AM ( 30 minutes ago )
Sorry, not sorry: Jennifer Lawrence owns up to pole dancing
Jennifer Lawrence has acknowledged that a tabloid site's video of her dancing on a stripper pole is the real thing, but the actress says she's not sorry about it
8:19AM ( 31 minutes ago )
Associated Press (AP)
Wal-Mart's online sales surge, tops 1Q expectations
Wal-Mart shows how it's winning over shoppers at stores and online, even in an increasingly competitive retail landscape
7:58AM ( 51 minutes ago )
Trump developments weigh on global stocks once again
Stock markets around the world fell sharply Thursday as investors fretted over a raft of developments surrounding President Donald Trump
7:57AM ( 52 minutes ago )
Lithuania court delays extradition ruling in cybertheft case
A court in Lithuania wants more information from the United States before ruling on the extradition of a local businessman suspected of conning Google and Facebook out of more than $100 million
7:52AM ( 58 minutes ago )
AP Business
Deutsche Bank chairman expects former execs to pay
Deutsche Bank's board chairman is telling shareholders the bank is seeking "substantial" amounts of money from former executives who were in charge when the bank engaged in costly misconduct
4:58AM ( 3 hours ago )
Ralph Lauren names Procter & Gamble executive as CEO
Ralph Lauren Corp. says its next CEO will be Procter & Gamble executive Patrice Louvet
7:51PM ( 12 hours ago )
Cisco Systems announces 1,100 more layoffs
Cisco Systems is laying off 1,100 more workers as the internet gear maker battles declining revenue while it struggles to meet shifting technology markets.
7:40PM ( 13 hours ago )
AP Business - Corporate News
World stocks slide as Trump's mounting woes rattle investors
Asian and European stocks extend global selloff as Trump's mounting political woes rattle investors
4:45AM ( 4 hours ago )
Asian stocks slide as Trump's mounting woes rattle investors
Asian stocks slide after big Wall Street losses as Trump's mounting political woes rattle investors
12:51AM ( 7 hours ago )
With waiver, US lets Iran keep getting benefits of nuke deal
The Trump administration has taken a key step toward preserving the Obama-era nuclear deal with Iran
9:50PM ( 10 hours ago )
AP Business - Economy
Trump assails 'witch hunt' after naming of special counsel
President Donald Trump lashed out at the appointment of a special counsel to investigate allegations that his campaign collaborated with Russia to sway the 2016 election, tweeting that it is "the single greatest witch hunt of a politician" in history.
8:19AM ( 30 minutes ago )
Sorry, not sorry: Jennifer Lawrence owns up to pole dancing
Jennifer Lawrence has acknowledged that a tabloid site's video of her dancing on a stripper pole is the real thing, but the actress says she's not sorry about it
8:19AM ( 31 minutes ago )
Turkey demands US fire envoy in spat over Syrian Kurds
Turkey's foreign minister said Turkey would continue to fight Syrian Kurdish militants, who are a key ally of the United States against the Islamic State group, while suggesting the sacking of top U.S. envoy in the anti-IS coalition.
8:15AM ( 34 minutes ago )
Trump calls naming of special counsel a 'witch hunt'
The Justice Department appointed former FBI Director Robert Mueller Wednesday evening as a special counsel to oversee the federal investigation into allegations Russia and Donald Trump's campaign collaborated to influence the 2016 presidential election
8:11AM ( 38 minutes ago )
Trump calls naming of special counsel move a 'witch hunt'
The Justice Department appointed former FBI Director Robert Mueller Wednesday evening as a special counsel to oversee the federal investigation into allegations Russia and Donald Trump's campaign collaborated to influence the 2016 presidential election
8:00AM ( 49 minutes ago )