US jobless aid applications rise to 311,000
WASHINGTON, D.C. - More people applied for U.S. unemployment benefits last week, although jobless claims continue to be close to pre-recession levels.
The Labor Department says weekly applications for unemployment aid climbed 21,000 to a seasonally adjusted 311,000. The prior week's was revised up slightly to 290,000.
The four-week average, a less volatile measure, rose 2,000 to 295,750. That continues to be close to averages that predate the beginning of the Great Recession in late 2007.
Applications are a proxy for layoffs. When fewer employers shed workers, it suggests potentially rising incomes, increased hiring activity and confidence that the economy is improving.
Employers are searching for more workers. In June, they advertised the most monthly job openings in more than 13 years, the government reported Tuesday.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Blue light bulbs out of stock at local businesses following police shooting
New campaign to use anonymous texting to combat bullying
New Roads mayor focus of theft, malfeasance grand jury probe
More than $185,000 raised in Unite for Our Heroes Telethon
More than $160,000 raised in Unite for Our Heroes Telethon