Applications for US jobless aid rise to stilllow 281000

first_imgWASHINGTON (AP) — More people sought U.S. unemployment benefits last week, but the level of applications is still low and points to an improving job market.The Labor Department says weekly applications rose 10,000 to a seasonally adjusted 281,000. The four-week average, a less volatile figure, ticked up 1,000 to 274,750.Applications are a proxy for layoffs. Even with the increase, they remain far below 300,000, a historically low level that indicates companies are confident enough in the economy to hold onto their workers. That confidence can also cause them to hire more people. Consumers have stepped up spending on clothing, furniture and cars, spurring faster growth. Home sales have also accelerated and are now running at the highest level in eight years.Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Ex-FBI agent details raid on Phoenix body donation facility Top Stories Here’s how to repair and patch damaged drywall Sponsored Stories Quick workouts for mencenter_img Clean energy: Why it matters for Arizona Mesa family survives lightning strike to home New Valley school lets students pick career-path academies 5 people who need to visit the Ultrastar Multi-tainment Center Comments   Share   last_img

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