Applications for US Jobless Aid Drop by 11,000 to 225,000

Labor News

In this Thursday, Nov. 2, 2017, photo, a recruiter in the shale gas industry, left, speaks with an attendee of a job fair in Cheswick, Pa. The Labor Department said on December 14, 2017, that the number of Americans applying for unemployment benefits fell by 11,000 a week earlier to 225,000, the lowest in nearly two months and another sign that US workers are enjoying job security. (AP Photo/Keith Srakocic)

Reprinted from The New York Times by The Associated Press on December 14, 2017.

The number of Americans applying for unemployment benefits fell by 11,000 last week to 225,000, the lowest in nearly two months and another sign that US workers are enjoying job security.

The Labor Department said Thursday that the less volatile four-week average also fell by 6,750 to 234,750.

Overall, 1.89 million Americans are collecting unemployment checks, down more than 7 percent from a year earlier and close to a four-decade low reached in November.

Unemployment claims are a proxy for layoffs. They’ve been below 300,000 a week for nearly three years, the longest stretch in more than four decades. …

NY Times 12/14

About Jeffrey Burman 3305 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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