Applications for U.S. Jobless Aid Dip 32K to 300,000 - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Applications for U.S. Jobless Aid Dip 32K to 300,000

Posted: Updated:
(Photo: MGN) (Photo: MGN)
WASHINGTON (AP) - The number of people seeking U.S. unemployment benefits dropped to the lowest level in almost seven years, falling 32,000 last week to a seasonally adjusted 300,000.
 
The Labor Department said Thursday that the four-week average of applications, a less volatile measure, fell 4,750 to 316,250.
 
Fewer Americans sought benefits last week than at any point since the Great Recession began at the end of 2007. Applications are at their lowest level since May of that year.
 
Applications are a proxy for layoffs. The decrease suggests that employers expect stronger economic growth in the coming months and are holding onto their workers.
 
But Ian Shepherdson, chief economist at Pantheon Macroeconomics, cautioned that the drop-off might be smaller than it appears. He noted that the Easter holiday, which moves from year-to-year, might have distorted the seasonal adjustments.
 
"We need to see a few more weeks' numbers before we can be sure where the trend now stands," Shepherdson said in a client note. "Our core view is that claims are drifting gently downwards."
 
Employers added 192,000 jobs in March, the Labor Department said last week. That follows gains of 197,000 in February, as the unemployment rate stayed at 6.7 percent for the second straight month.
 
Snowstorms and freezing temperatures in January and December shut down factories, kept shoppers away from stores, and reduced home buying. That cut into growth and hiring. Employers added 144,000 jobs in January and only 84,000 in December.
 
More jobs and higher incomes will be needed to spur better overall economic growth. For now, economists expect the bad weather contributed to weak growth of 1.5 percent to 2 percent at an annual rate in the January-March quarter. But as the weather improves, most analysts expect growth to rebound to near 3 percent.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Salisbury Zoo to Host Welcome Party for New Andean Bear

    Salisbury Zoo to Host Welcome Party for New Andean Bear

    Jan 16, 2018 11:56 AM2018-01-16 16:56:00 GMT
    Tuesday, January 16 2018 11:58 AM EST2018-01-16 16:58:30 GMT
    Pinocchio is shown in his new home at the Salisbury Zoo. (Photo: Salisbury Zoo)Pinocchio is shown in his new home at the Salisbury Zoo. (Photo: Salisbury Zoo)
    The Salisbury Zoo will be hosting a welcome party Saturday afternoon for Pinocchio, the zoo's new bear from Ecuador.More
    The Salisbury Zoo will be hosting a welcome party Saturday afternoon for Pinocchio, the zoo's new bear from Ecuador.More
  • Talbot County House Fire Causes $120,000 in Damage

    Talbot County House Fire Causes $120,000 in Damage

    Jan 16, 2018 11:57 AM2018-01-16 16:57:00 GMT
    Tuesday, January 16 2018 11:57 AM EST2018-01-16 16:57:57 GMT
    (Photo Credit: MGN)(Photo Credit: MGN)
    The Office of the Maryland State Fire Marshal is investigating the cause of a Talbot County house fire that left one person injured Sunday night.More
    The Office of the Maryland State Fire Marshal is investigating the cause of a Talbot County house fire that left one person injured Sunday night.More
  • Three Charged in Salisbury Convenience Store Holdup

    Three Charged in Salisbury Convenience Store Holdup

    Jan 16, 2018 11:33 AM2018-01-16 16:33:00 GMT
    Tuesday, January 16 2018 11:33 AM EST2018-01-16 16:33:19 GMT
    From left: Brandon Fontaine, Diamond Chaney, and Felix VillegasFrom left: Brandon Fontaine, Diamond Chaney, and Felix Villegas
    Three men are facing armed robbery and related charges in connection with last week's holdup of the Vintage Beer and Wine store located at 610 Snow Hill Road in Salisbury.More
    Three men are facing armed robbery and related charges in connection with last week's holdup of the Vintage Beer and Wine store located at 610 Snow Hill Road in Salisbury. More
  • Most Popular StoriesMost Popular StoriesMore>>

  • Family Without Propane as Temperatures Drop

    Family Without Propane as Temperatures Drop

    Jan 15, 2018 4:46 PM2018-01-15 21:46:00 GMT
    Tuesday, January 16 2018 7:40 AM EST2018-01-16 12:40:02 GMT
    SEAFORD, Del.- A Sussex County woman says her family has been left in the cold--literally. Donna Niser says she is a customer of Peninsula Oil and Propane, and is currently sitting with an empty tank. She says late last week, she called for a delivery. "WMore
    A Sussex County, Delaware woman says her family has been left in the cold-- literally. Donna Niser says she is a customer of Peninsula Oil and Propane, and is currently sitting with an empty tank.More
  • Police: 3 Women Lured, Assaulted and Robbed Delaware Woman

    Police: 3 Women Lured, Assaulted and Robbed Delaware Woman

    Jan 16, 2018 8:35 AM2018-01-16 13:35:00 GMT
    Tuesday, January 16 2018 8:35 AM EST2018-01-16 13:35:25 GMT
    Jessica Elvey, left; Chelsea Roundtree, center; Chasity Roundtree, rightJessica Elvey, left; Chelsea Roundtree, center; Chasity Roundtree, right
    Delaware State Police say a woman was lured to a Clayton area convenience store and assaulted and robbed by three women known to her.More
    Delaware State Police say a woman was lured to a Clayton area convenience store and assaulted and robbed by three women known to her.More
  • Flu Reaches Epidemic Level, Affecting Delmarva

    Flu Reaches Epidemic Level, Affecting Delmarva

    Jan 15, 2018 6:25 PM2018-01-15 23:25:00 GMT
    Tuesday, January 16 2018 7:48 AM EST2018-01-16 12:48:48 GMT
    In the waiting room of Express Care in Salisbury sits the Lewis family. Mom, Rebecca, comforts 7-year-old Layla who is waiting to get her flu shot. And just like Layla, many people are receiving their vaccines amid extreme flu cases across the U.S.More
    In the waiting room of Express Care in Salisbury sits the Lewis family. Mom, Rebecca, comforts 7-year-old Layla who is waiting to get her flu shot. And just like Layla, many people are receiving their vaccines amid extreme flu cases across the U.S.More
Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices