US Jobless Claims Fall To 5-Year Low Of 324K - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

US Jobless Claims Fall To 5-Year Low Of 324K

Posted: Updated:

WASHINGTON (AP) - The number of Americans seeking unemployment aid fell last week to seasonally adjusted 324,000, the lowest since January 2008. The drop points to fewer layoffs and possibly more hiring.
    
The Labor Department says weekly applications fell 18,000, the second straight sharp drop. The four-week average, a less volatile measure, plummeted 16,000 to 342,250.
    
Applications are a proxy for layoffs. But fewer job cuts are only one side of the equation: Companies also need to be confident enough to add workers for job growth to pick up and lower the unemployment rate.
    
Economists forecast that the economy added 160,000 jobs last month. That's much better than the 88,000 added in March, but below last year's pace of nearly 185,000 per month. The government will release the April employment report Friday.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • National NewsMore>>

  • Vietnam Sentences American Man To Death For Heroin

    Vietnam Sentences American Man To Death For Heroin

    Tuesday, April 22 2014 10:48 PM EDT2014-04-23 02:48:39 GMT
    HANOI, Vietnam (AP) - State media say a court in Vietnam has sentenced an American to death for heroin trafficking. The Liberated Saigon newspaper says Jason Dinh, 41, was convicted of trafficking 1 kilogram (2.2 pounds) of heroin at a one-day trial by Ho Chi Minh City's People's Court on Tuesday.More >>
    HANOI, Vietnam (AP) - State media say a court in Vietnam has sentenced an American to death for heroin trafficking. The Liberated Saigon newspaper says Jason Dinh, 41, was convicted of trafficking 1 kilogram (2.2 pounds) of heroin at a one-day trial by Ho Chi Minh City's People's Court on Tuesday.More >>
  • Family Sues N.J. District Over 'Under God' In Pledge Of Allegiance

    Family Sues N.J. District Over 'Under God' In Pledge Of Allegiance

    Tuesday, April 22 2014 10:21 PM EDT2014-04-23 02:21:31 GMT
    A family is suing a New Jersey school district, contending that the phrase "under God" in the Pledge of Allegiance discriminates against atheist children.A family is suing a New Jersey school district, contending that the phrase "under God" in the Pledge of Allegiance discriminates against atheist children.
    FREEHOLD, N.J. (AP) - A family is suing a New Jersey school district, contending that the phrase "under God" in the Pledge of Allegiance discriminates against atheist children.More >>
    FREEHOLD, N.J. (AP) - A family is suing a New Jersey school district, contending that the phrase "under God" in the Pledge of Allegiance discriminates against atheist children. The lawsuit against the Matawan-Aberdeen Regional School District was filed in state court last month and was announced yesterday by the American Humanist Association. More >>
  • South Korean Ferry: 113 Now Confirmed Dead, 190 Still Missing

    South Korean Ferry: 113 Now Confirmed Dead, 190 Still Missing

    Tuesday, April 22 2014 10:29 AM EDT2014-04-22 14:29:47 GMT
    JINDO, South Korea (AP) - As more bodies are recovered from a sunken South Korean ferry, the number of confirmed dead has reached 113, with about 190 people still missing. Meanwhile, four crew members who are accused of abandoning the ship and failing to protect the passengers have been arrested, three days after warrants were issued for the captain and two other crew members.More >>
    JINDO, South Korea (AP) - As more bodies are recovered from a sunken South Korean ferry, the number of confirmed dead has reached 113, with about 190 people still missing. Meanwhile, four crew members who are accused of abandoning the ship and failing to protect the passengers have been arrested, three days after warrants were issued for the captain and two other crew members.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KHQ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.