Quantcast
Home » News
Home » News

Applications for U.S. jobless benefits edge up

Published July 3, 2014 10:03 am
This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Washington • The number of Americans filing applications for unemployment benefits edged up slightly last week but remained at a level that indicated a healthy labor market.

The Labor Department says weekly unemployment benefit applications rose by 2,000 to 315,000. The four-week average, which smooths out week-to-week volatility, was essentially unchanged at 315,000.

The average has fallen by 9 percent since the beginning of this year. Unemployment benefit applications are a proxy for layoffs, so the declines indicate that companies are cutting fewer jobs.



A separate report Thursday showed that the economy created 288,000 jobs in June, the fifth straight month of strong job creation above 200,000 per month. The unemployment rate dropped to 6.1 percent, the lowest rate since September 2008.

 

 

 

USER COMMENTS
Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
comments powered by Disqus