Weekly Applications for US Jobless Aid Fall to 265,000

Labor News

Gary Cameron | Reuters Moushumi Paul (R) of the USDA interviews job applicant Sherry Rose (L) at a US Chamber of Commerce Foundation "Hiring Our Heroes" military job fair in Washington.

Reprinted from The New York Times by The Associated Press on December 29, 2016.

Fewer Americans applied for unemployment benefits last week, continuing a nearly two-year trend that suggests a solid job market.

THE NUMBERS: Weekly requests for jobless aid fell 10,000 to a seasonally adjusted 265,000, the Labor Department said Thursday. The less volatile four-week moving average for claims was 263,000.

Over the past year, the number of people collecting benefits has fallen almost 5 percent to 2.1 million.

THE TAKEAWAY: The historically low number of people seeking jobless aid is a positive sign for the economy. …

NY Times 12/29

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About Jeffrey Burman 5244 Articles
Jeff Burman served on the Guild’s Board of Directors from 1992 to 2019. He is now retired. He can be reached at jeffrey.s.burman.57@gmail.com.

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