57°
Baton Rouge, Louisiana
7 Day Forecast

Latest Weather Blog

Follow our weather team on social media

US applications for unemployment benefits jumped last week

11 months 5 days 20 hours ago December 31, 2015 Dec 31, 2015 Thursday, December 31 2015 December 31, 2015 10:39 AM in News
Source: Associated Press
By: Josh Boak

WASHINGTON - More Americans requested unemployment benefits last week, but the level remains near historic lows in a positive sign for the job market.

The Labor Department says applications for jobless aid jumped 20,000 to a seasonally adjusted 287,000. The less volatile 4-week average climbed 4,500 to 277,000.

Despite the increase, jobless claims have stayed below the key level of 300,000 for nearly 10 months. Any figure lower than that threshold often corresponds with monthly job gains in excess of 200,000. Applications for benefits are a proxy for layoffs, so the low level indicates that employers are keeping their workers and potentially planning to hire.

Unemployment last month held at a seven-year low of 5 percent. Employers have been adding a healthy 210,000 jobs a month so far this year.

More News

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days