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Applications for US jobless aid fall, suggests strong hiring

By The Associated Press
Posted 8:38AM on Thursday 8th January 2015 ( 10 years ago )
WASHINGTON (AP) -- Fewer Americans applied for unemployment benefits last week, a sign that employers expect ongoing economic growth and the need to hold onto workers.<br /> <br /> The Labor Department says applications for unemployment benefits fell 4,000 last week to a seasonally adjusted 294,000.<br /> <br /> The four-week average, a less volatile measure, slipped 250 to 290,500. That average has plunged 16 percent in the past 12 months, as averages have stayed at historically low sub-300,000 levels since September.<br /> <br /> In the monthly jobs report being released Friday, employers are expected to have added 243,000 jobs in December, according to a survey of economists by data firm FactSet. That would follow job gains of 321,000 in November and put total job growth in 2014 at just shy of 3 million, the best performance since 1999.

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