Applications for US jobless aid rise but remain at low level

WASHINGTON (AP) - More people sought US unemployment benefits last week, yet total applications remained at a historically low level that suggests workers are enjoying solid job security.

The four-week moving average of claims, considered a better measure of labour market trends as it irons out week-to-week volatility, fell 4,250 to 243,000 last week.

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The site added he is concerned about his son, and does not want to uproot him from his school in New York City if he is traded. And since the filing in the courts was only for a separation, there is a chance that the two may eventually work things out.

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The four-week moving average of continuing claims also edged down to a almost seventeen-year low of 2,023,500, a decrease of 2,000 from the previous week's unrevised average of 2,025,500. The week ended 15 April is the survey week for the April employment report. Continuing claims also dipped below the 2 million mark in March. This softness seems to have reversed as both the weekly claims data and the four-week moving average for the week ended 15 April are at the similar levels to the ones seen in the February survey week, noted Barclays in a research report. The labour market is close to full employment, with the unemployment rate at a near 10-year low of 4.5 per cent. Nonfarm payrolls increased by a seasonally adjusted 98,000 in March from the prior month, the Labor Department said, a slowdown from earlier in the year. Investors has anticipated two more rate hikes this year. The unemployment rate has fallen to 4.5 percent, the lowest in almost a decade.

The Labor Department on Thursday also said continuing unemployment claims, reflecting benefits drawn by workers for longer than a week, decreased by 49,000 to 1.98 million in the week ended April 8.


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