Applications for US unemployment aid fall to 319K
WASHINGTONm D.C. - The number of Americans seeking unemployment benefits fell 26,000 last week to 319,000, the latest sign that the job market is slowly improving.
The drop follows two weeks of increases that reflected mostly temporary layoffs around the Easter holiday. The holiday can cause an uptick in layoffs of bus drivers, cafeteria workers and other school workers during spring break. Those earlier increases caused the four-week average of applications, a less volatile number, to rise 4,500 to 324,750.
With the impact of the holiday fading, applications are returning to pre-recession levels. The average for April was 312,000 , the fewest since October 2007. The recession officially began in December 2007.
Applications are a proxy for layoffs, and so the decline suggests that companies are cutting fewer jobs.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Iberville Parish couple shares their 'colon cancer love story'
LSU to offer free mumps vaccines to students, faculty and staff
Denham Springs bar affected by flood to be featured on 'Bar Rescue'...
Homeowner fights off robbers; suspects shot in second botched robbery
Concrete barrier preventing business owner from accessing property