Loading…
Thursday, July 31, 2014
Current Weather
Loading Current Weather....
Published: Friday, 12/27/2013

BUSINESS BRIEF

Weekly applications for jobless benefits sink

BLADE NEWS SERVICES

WASHINGTON — The number of Americans applying for unemployment benefits fell by 42,000 last week to a seasonally adjusted 338,000, the biggest drop since November, 2012. But economists say the figures from late November and December are warped by seasonal volatility around the Thanksgiving, Christmas, and New Year’s holidays.

The Labor Department reported Thursday that the less-volatile four-week average rose 4,250 to 348,000.

Unemployment claims are a proxy for layoffs. Claims had jumped 75,000 over the two weeks that ended Dec. 14 before plunging last week.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories







Poll