Applications for US Jobless Aid Rise to Still-Low 258,000

Labor News

Reprinted from The New York Times by the Associated Press on March 23, 2017.

More people sought US unemployment benefits last week, but applications are still at a low level that points to a healthy job market.

THE NUMBERS: Weekly unemployment benefit applications rose 15,000 last week to a seasonally adjusted 258,000, the Labor Department said Thursday. The four-week average ticked up 1,000 to 240,000.

The number of people receiving benefits fell 39,000 to 2 million, the department said. That’s down 8.6 percent from a year earlier.

THE TAKEAWAY: Applications, which are a proxy for layoffs, have been below 300,000, a historically low level, for 80 weeks. The figure had topped 100 weeks but the Labor Department revised the data Thursday. …

NY Times 3/23

About Jeffrey Burman 1741 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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