Print

Fewer people sought unemployment aid last week

By The Associated Press
Posted 8:40AM on Thursday 31st March 2011 ( 13 years ago )
WASHINGTON - Fewer people applied for unemployment benefits last week, a sign that layoffs are dropping and companies may be stepping up hiring.

The Labor Department says the number of people seeking benefits dipped by 6,000 to a seasonally adjusted 388,000 for the week that ended March 26. That's the second decline in three weeks.

Applications near 375,000 or below are consistent with a sustained increase in hiring. Applications peaked during the recession at 659,000.

The four-week average of applications, a less volatile measure, rose to 394,250. Still, that figure has dropped by 35,500, or 8 percent, in the past two months.

The department also revised the previous five years of data. The changes showed that applications in recent weeks were moderately higher than previously reported.

http://accesswdun.com/article/2011/3/237547

© Copyright 2015 AccessNorthGa.com All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.