US job­less aid ap­pli­ca­tions fall to nearly 15-year low

The China Post - - INTERNATIONAL -

The num­ber of peo­ple seek­ing un­em­ploy­ment ben­e­fits fell last week, ev­i­dence that lay­offs re­main at un­usu­ally low lev­els and the job mar­ket is mov­ing closer to full health.

Weekly ap­pli­ca­tions for job­less aid dropped 12,000 to a sea­son­ally ad­justed 267,000, the La­bor Depart­ment said Thurs­day, near 15-year lows reached two months ago. The four-week av­er­age, a less volatile mea­sure, de­clined 2,000 to 276,750.

The fig­ures sug­gest that Amer­i­cans are en­joy­ing solid job se­cu­rity. Ap­pli­ca­tions, a proxy for lay­offs, have re­mained be­low 300,000, a his­tor­i­cally low level, for 15 weeks. The trend in­di­cates that em­ploy­ers are con­fi­dent enough in fu­ture con­sumer de­mand to re­tain their staffs.

The num­ber of peo­ple re­ceiv­ing ben­e­fits fell 50,000 to 2.22 mil­lion. That fig­ure has fallen 14 per­cent in the past year.

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