U.S. Unemployment Applications Drop to 358,000 - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

U.S. Unemployment Applications Drop to 358,000

Posted:
(Photo: MGN) (Photo: MGN)

WASHINGTON (AP)- Applications for US unemployment benefits dropped 15,000 to a seasonally adjusted 358,000 last week, though the figure was distorted for the second straight week by California's efforts to clear backlogged claims.
 
The Labor Department says the less volatile four-week average rose 11,750 to 336,500.
 
Applications have jumped in the past two weeks, distorted by computer upgrades in two states and the 16-day partial government shutdown. Prior to those unusual factors, claims had reached pre-recession levels, a sign that companies are cutting very few workers.
 
California and Michigan continued to sift through backlogged claims held up by computer changes. Furloughed private-sector workers drove up applications by 15,000 two weeks ago. About 70,000 furloughed federal employees also sought benefits in the week ending Oct. 5, although those workers aren't included in the overall totals.
 
A government spokesman didn't say how the furloughs affected last week's figures.
 
The government opened for business on Thursday. Federal employees who receive back pay will likely have to reimburse the government if they claimed unemployment benefits during the two-week shutdown, although the law varies by state.
 
Before the government shutdown and California's backlog, applications had been trending lower and fell to a six-year low three weeks ago, thought that figure was pushed lower by California's delays.
 
Falling applications for unemployment benefits are typically followed by more hiring. But so far, there haven't been many signs of that happening.
 
The shutdown has delayed a raft of government data, including September's employment report. And it will likely affect hiring and weigh on the economic growth in the October-December quarter.
 
Several economists have cut their forecasts for fourth-quarter growth by half a percentage point to about 2 percent or lower.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Tourism Season Extending, Chamber Says

    Tourism Season Extending, Chamber Says

    Monday, September 1 2014 6:42 PM EDT2014-09-01 22:42:36 GMT
    Labor Day is often considered the unofficial ending to the summer season, but the Rehoboth Beach, Dewey Beach Chamber of Commerce is reporting that tourism is actually on the rise during the typically less popular months of September, October and November.More
    Labor Day is often considered the unofficial ending to the summer season, but the Rehoboth Beach, Dewey Beach Chamber of Commerce is reporting that tourism is actually on the rise during the typically less popular months of September, October and November.
    More
  • Flying History Lands in Salisbury

    Flying History Lands in Salisbury

    Monday, September 1 2014 4:50 PM EDT2014-09-01 20:50:06 GMT
    A flying piece of history landed in Salisbury on Monday morning and will call the airport home for the next week.  A B-17 bomber, part of the Commemorative Air Force, landed in Salisbury and is open to tours and even flights for visitors.More
    A flying piece of history landed in Salisbury on Monday morning and will call the airport home for the next week.  A B-17 bomber, part of the Commemorative Air Force, landed in Salisbury and is open to tours and even flights for visitors. More
  • Dover Police Looking for Apartment Burglary Suspect

    Dover Police Looking for Apartment Burglary Suspect

    Monday, September 1 2014 4:30 PM EDT2014-09-01 20:30:16 GMT
    Dover police are looking for a male suspect who broke into an apartment building Friday.More
    Dover police are looking for a male suspect who broke into an apartment building Friday.More
Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service