WKYT | Lexington, Kentucky | News

Average for US jobless claims at fresh 5-year low

WASHINGTON (AP) - The number of people seeking unemployment aid barely changed last week and the average over the past month fell to a fresh five-year low. A decline in layoffs is helping strengthen the job market.

The Labor Department says weekly unemployment benefit applications rose just 2,000 to a seasonally adjusted 336,000. The four-week average, a less volatile measure, fell 7,500 to 339,750. That's the lowest since February 2008, just three months into the recession.

A steady decline in unemployment claims signals companies are laying off fewer workers. That suggests they aren't worried that business will fall off in the near future.

The average has fallen nearly 15 percent since November. Fewer layoffs typically suggest that net hiring will pick up.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 199340111