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Applications for jobless aid rise but stay at healthy level

7 months 6 days 19 hours ago March 17, 2016 Mar 17, 2016 Thursday, March 17 2016 March 17, 2016 12:19 PM in News
Source: Associated Press
By: APnewsNow

WASHINGTON - More Americans applied for unemployment benefits last week, but their numbers remained at low levels consistent with a healthy job market.

The Labor Department says the number of people seeking jobless aid rose by 7,000 to a seasonally adjusted 265,000. The less-volatile four-week average rose by 750 to 268,000.

Jobless claims are a proxy for layoffs. Weekly numbers below 300,000 are historically low.

The number of people collecting unemployment checks was 2.24 million, down nearly 7 percent from a year earlier.

The U.S. labor market is healthy. Employers added 242,000 jobs last month, and the unemployment rate stayed at an eight-year low 4.9 percent.

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