Unemployment Applications Dip To 4-Year Low

By: Associated Press
By: Associated Press

Stay up-to-date with KAKE News:

Thursday, March 1, 2012

The number of people seeking unemployment benefits fell slightly last week to the lowest point in four years, a further sign that the U.S. job market is steadily improving.

The Labor Department says a seasonally adjusted 351,000 people sought unemployment aid, down from 353,000 the previous week. That matches the four-year low reached three weeks ago. It's the fewest since March 2008.

A four-week average of claims, which smooths out weekly fluctuations in the data, also fell last week, to 354,000. That's also the lowest figure in four years.

Applications have fallen steadily since October. The average has declined 14.6 percent since then. When applications drop consistently below 375,000, it usually signals that hiring is strong enough to lower the unemployment rate.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 141029173 - kake.com/a?a=141029173
Gray Television, Inc.