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 This material may not be published, broadcast, rewritten or redistributed.)

HD DOPPLER 6i
/
  • National NewsMore>>

  • Protests, rallies ensue during immigration situation

    Protests, rallies ensue during immigration situation

    Saturday, June 23 2018 9:25 PM EDT2018-06-24 01:25:22 GMT
    MGN ImageMGN Image

    McALLEN (AP) - The Latest on the separation of immigrant children from their parents following President Donald Trump's order allowing them to remain with their parents.

    More >>

    McALLEN (AP) - The Latest on the separation of immigrant children from their parents following President Donald Trump's order allowing them to remain with their parents.

    More >>
  • Estimated 230,000 gallons of oil spilled in Iowa train derailment

    Estimated 230,000 gallons of oil spilled in Iowa train derailment

    Saturday, June 23 2018 6:23 PM EDT2018-06-23 22:23:02 GMT
    Courtesy: Sioux County Sheriff - FacebookCourtesy: Sioux County Sheriff - Facebook

    DOON, Iowa (AP) - A railroad official says 14 of 32 derailed oil tanker cars in the northwest corner of Iowa dumped an estimated 230,000 gallons (870,619 liters) of crude oil into floodwaters, with some making its way to nearby rivers. BNSF spokesman Andy Williams confirmed the details Saturday. 

    More >>

    DOON, Iowa (AP) - A railroad official says 14 of 32 derailed oil tanker cars in the northwest corner of Iowa dumped an estimated 230,000 gallons (870,619 liters) of crude oil into floodwaters, with some making its way to nearby rivers. BNSF spokesman Andy Williams confirmed the details Saturday. 

    More >>
  • Police: Meridian officer shoots, kills man who pulled out handgun

    Police: Meridian officer shoots, kills man who pulled out handgun

    Saturday, June 23 2018 6:14 PM EDT2018-06-23 22:14:26 GMT

    MERIDIAN, Idaho (AP) - Authorities in southwestern Idaho say a Meridian police officer shot and killed a man who said he wasn't going back to jail and pulled a handgun from his waistband. Meridian police say officers at about 12:20 p.m. Saturday responded to a report of a domestic disturbance involving a knife.

    More >>

    MERIDIAN, Idaho (AP) - Authorities in southwestern Idaho say a Meridian police officer shot and killed a man who said he wasn't going back to jail and pulled a handgun from his waistband. Meridian police say officers at about 12:20 p.m. Saturday responded to a report of a domestic disturbance involving a knife.

    More >>