Computer Upgrades Cut US Jobless Claims To 292K

By: AP
By: AP

The number of Americans seeking unemployment benefits plummeted last week 31,000 to a seasonally adjusted 292,000. But the drop was mostly because of technical issues in two states that delayed the processing of applications.

The Labor Department says less volatile four-week average fell to 321,250, the lowest in six years.

A department spokesman says the steep drop occurred because two states upgraded their computer systems last week and did not process all their applications. "This is not necessarily an indication of a change in labor market conditions," he said. He would not identify the states.

Even so, prior to the glitch applications had dropped 7 percent in the previous three months.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 223455561 - kktv.com/a?a=223455561
Gray Television, Inc.