Applications for US Jobless Aid Jump to Still Low 275,000

Labor News

A job seeker, right, hands a résumé to a representative during a career fair in New York on November 10. PHOTO: MARK KAUZLARICH/BLOOMBERG NEWS

Reprinted from The New York Times by the Associated Press on December 22, 2016.

More Americans sought unemployment aid last week, but the number of applications remains at a low level that suggests companies are still hiring.

THE NUMBERS: Weekly applications for unemployment aid rose 21,000 to a seasonally adjusted 275,000, the Labor Department said Thursday. That is the highest figure since June.

The number of people receiving benefits ticked up 15,000, to just over 2 million. That’s down 7 percent from a year earlier.

THE TAKEAWAY: Applications, a proxy for layoffs, have been below 300,000 for 94 straight weeks. That’s the longest streak since 1970. …

NY Times 12/22

About Jeffrey Burman 1732 Articles
Jeff Burman represents assistant editors on the Guild’s Board of Directors. He can be reached at jeffrey.s.burman.57@gmail.com.

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