US jobless aid applications fall to 14-year low
WASHINGTON - The number of people seeking U.S. unemployment aid dropped to the lowest level in 14 years last week, the latest signal that companies are cutting few workers and hiring could remain healthy.
The Labor Department says weekly applications for unemployment aid fell 23,000 to a seasonally adjusted 264,000, the lowest level since April 2000. Given that the U.S. population has grown considerably since then, the proportion of the U.S. workforce applying for benefits is even smaller. Applications are a proxy for layoffs.
The figures come as concerns about slowing global economic growth have roiled financial markets for the past week. A drop in U.S. retail sales, reported Wednesday, intensified the volatility.
The four-week average of applications, a less volatile measure, dropped 4,250 to 283,500, the lowest level since June 2000.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
WATCH: Impaired driver crashes into Trooper's vehicle on I-12
Murder suspect wanted in Livingston Parish arrested in Florida
Prairieville man arrested for impersonating a police officer
State officials respond to The Investigative Unit's report on Hwy 190 in...
Cemetery still working to identify bodies disturbed by August flood