Unemployment Aid Applications Near A 4-Year Low

By: AP
By: AP

The number of people seeking unemployment aid fell to nearly a four-year low last week, an encouraging sign of continued improvement in the job market.

The Labor Department says weekly applications for unemployment benefits fell 15,000 to a seasonally adjusted 358,000. That's the second-lowest level since April 2008.

The four-week average, a less volatile measure, fell to 366,250, the lowest since late April 2008.

The figures come a week after the government reported that employers added 243,000 net jobs last month. That pushed the unemployment rate down to 8.3 percent, the lowest in nearly three years.

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

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  • by Common Sense Location: C/S on Feb 9, 2012 at 08:01 AM
    -Our national debt has risen by about 50 percent since 2008. -Our states are in more debt than ever. -Our local governments are in more debt than ever. -The U.S. economy has lost about 6 million jobs since 2008. -Approximately 14 million more Americans have gone on food stamps since Barack Obama became president. -More Americans are living in poverty than ever before. -New home sales in the United States hit a brand new all-time record low during 2011. -The number of "long-term unemployed workers" has more than doubled since Barack Obama entered the White House. -The amount of money that the federal government gives directly to Americans has increased by 32 percent since Barack Obama entered the White House. -Despite claims that things are "getting better", the truth is that the percentage of Americans that actually have jobs is almost exactly the same as it was two years ago.
    • reply
      by Braking News on Feb 9, 2012 at 08:37 AM in reply to Common Sense
      Don't start skewing the report with facts. You'll be getting called racist, bigoted, extremist, and any number of names that are flung out when there isn't facts for the other side to use in their arguement.
      • reply
        by hmm on Feb 9, 2012 at 08:53 AM in reply to Braking News
        True and yet many people believe those claims of racism because if you can't win the argument start name calling. Obama is not hated for his race, he is hated for his policies and holier than though attitude as well as his blatant contempt of this country and it's past. Hey Obama you would not even be President if Republicans didn't pass civil rights against the democrats wishes to keep you oppressed, a BIG THANK YOU is owed from you, not blatant outright lies and attacks since you are in the party that refused to give blacks their civil rights.
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