Fewer Seek Unemployment Aid, Matching 4-Year Low

By: AP
By: AP

Fewer people sought unemployment benefits last week, adding to signs that the job market is strengthening.

The Labor Department says weekly unemployment benefit applications dropped 14,000 to a seasonally adjusted 351,000. That matches a four-year low reached last month. The four-week average, which smooths fluctuations, was unchanged at 355,750.

Applications have leveled off in the past few weeks after falling for six months. The average has declined 14 percent since October.

The steady decline has coincided with the best three months of hiring in two years. From December through February, employers have added an average of 245,000 jobs per month.

When unemployment benefit applications drop consistently below 375,000, it usually signals that hiring is strong enough to lower the unemployment rate.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Mr x Location: seXSe co Spgs on Mar 15, 2012 at 10:50 PM
    Fewer because that's about the amount that are trailor trash and on the streets begging or do not want a job. Trashy people everywhere.
    • reply
      by Mr. Z on Mar 16, 2012 at 06:40 AM in reply to Mr x
      Trailor trash huh? Education much?
  • by Truth on Mar 15, 2012 at 09:40 AM
    centura health spies on it's employees, one way the do it by placing listening devices in their cars. They turn around and use it against the employees in write-ups and eventually to deny unemployment benefits. They will try to get the employee to go to eap so they can use that as an excuse to terminate them.
  • by Anonymous on Mar 15, 2012 at 08:59 AM
    horese-hockey...most of us have given up, and our benefits ran out a long time ago...
    • reply
      by Mr x on Mar 15, 2012 at 10:53 PM in reply to
      Ahhhh your benefits ran out. Poor baby. Go join the mil. O, but you can't because you don't have an education. Dairy queen is accepting applications. I know where you and people like you are headed n life,,,,NO WHERE!
  • by JayeBee on Mar 15, 2012 at 07:41 AM
    Bob and Cari, you are so correct! If Congress hadn't approved another extension in late February, I would have been one of those falling off, thus making the numbers look like they're improving. Makes you wonder how people who are supposed to be so intelligent, and responsible for running our country, can be so dumb!!!
  • by Bob Location: Black Forest on Mar 15, 2012 at 07:14 AM
    Cari - you are absolutely correct. More and more potential employees are running out of their unemployment benefits and falling off the rolls. Not only that that continues to lower the total labor pool - which at last count was at about 65% of the available workforce. You can always manipulate the numbers to get any result you want - especially in an election year! True unemployment is STILL above 14%.
  • by Cari Location: Cs on Mar 15, 2012 at 06:44 AM
    Don't act like it's lower because people are actually getting jobs! There only reason it's lower is most people have used up their state and federal benefits...get real!!!
  • by Cari Location: Cs on Mar 15, 2012 at 06:43 AM
    Don't act like it's lower because people are actually getting jobs! There only reason it's lower is most people have used up their state and federal benefits...get real!!!
  • by Nath Location: Colo Spgs on Mar 15, 2012 at 05:56 AM
    Lies by the Labor Department using the U-3 number. With the work visa quota of one million per year, that's more than 80,000 people coming to America looking for a job - per month, competing with out of work Americans for the jobs that are availible and not counting illegals doing the same. https://www.numbersusa.com/content/resources/video/educational/immigration-numbers-charts.html
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 142762885 - kktv.com/a?a=142762885
Gray Television, Inc.