Fewer Americans applying for jobless aid
Source: AP-EXCITE
By JOSH BOAK
WASHINGTON (AP) Fewer Americans sought unemployment benefits last week, as the number of people collecting jobless aid fell to its lowest level in more than six years.
The Labor Department said Thursday that weekly applications for unemployment benefits fell 6,000 to a seasonally adjusted 312,000. The four-week average, a less volatile measure, declined to 311,750.
There are 2.56 million people receiving benefits. That's the lowest total since October 2007, about two months before the recession began.
Jennifer Lee, a senior economist at BMO Capital Markets, said the report in a "blinding glimpse of the obvious "_is clearly "good news."
FULL story at link.
Read more: http://apnews.excite.com/article/20140619/us-unemployment-benefits-5327699fd8.html
In this Wednesday, June 18, 2014 photo, job seekers attend a job fair held by Sheetz to staff their under-construction distribution center, in Burlington, N.C. The Labor Department reports the number of people who applied for unemployment benefits last week on Thursday, June 19, 2014. (AP Photo/The Times-News, Sam Roberts)
onehandle
(51,122 posts)lostincalifornia
(3,639 posts)beachbum bob
(10,437 posts)and most are no longer counted as being unemployed.....just saying the numbers don't represent reality
geretogo
(1,281 posts)ballyhoo
(2,060 posts)away around me, simply closing the doors. They probably weren't paying close enough attention to government baloney.
mwooldri
(10,291 posts)When the unemployment insurance benefits were cut back savagely here in NC, beyond 21 weeks it's not worth it.