U.S. Jobless Aid Applications Rise to 311,000 - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

U.S. Jobless Aid Applications Rise to 311,000

Posted:

WASHINGTON (AP)- More people applied for U.S. unemployment benefits last week, although jobless claims continue to be close to pre-recession levels.

Weekly applications for unemployment aid climbed 21,000 to a seasonally adjusted 311,000, the Labor Department said Thursday. The prior week's was revised up slightly to 290,000.

The four-week average, a less volatile measure, rose 2,000 to 295,750. That continues to be close to averages that predate the beginning of the Great Recession in late 2007.

"Stepping back from the weekly volatility," said Jennifer Lee, senior economist at BMO Capital Markets, "the trend is still very encouraging and points to continued job growth."

Applications are a proxy for layoffs. When fewer employers shed workers, it suggests potentially rising incomes, increased hiring activity and confidence that the economy is improving.

Employers are searching for more workers.

In June, they advertised the most monthly job openings in more than 13 years, the government reported Tuesday. Employers posted 4.67 million jobs that month, up 2.1 percent from May's total of 4.58 million, according to the Labor Department. The number of advertised openings was the highest since February 2001, suggesting that hiring should continue to be solid in the coming months.

Still, the openings report showed that the hiring rate has not risen over the past year as quickly as the number of positions being advertised.

Job openings have increased 17.6 percent during the past 12 months, while hiring has risen 9.3 percent during the same period.

Yet the monthly net job gains have been solid in the past six months.

Employers added 209,000 jobs in July, the sixth straight month of job gains above 200,000. The economy has now produced an average 244,000 jobs a month since February.

The recent spurt of hiring has encouraged more people to start looking for work, causing the unemployment rate to inch up to 6.2 percent from 6.1 percent. The government only counts people searching for jobs as unemployed.

Hiring has yet to boost wages by much. Wage growth has slightly outpaced inflation since the recession ended more than five years ago.

But the greater the number of people with jobs, the greater the total number of paychecks, which could drive consumer spending and growth.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Arrests Made in Salisbury Vehicle Break-ins

    Arrests Made in Salisbury Vehicle Break-ins

    Tuesday, May 23 2017 3:43 PM EDT2017-05-23 19:43:08 GMT
    Tuesday, May 23 2017 4:02 PM EDT2017-05-23 20:02:25 GMT

    Police have made several arrests in close to two dozen thefts from unlocked cars in two Salisbury neighborhoods.

    More

    Police have made several arrests in close to two dozen thefts from unlocked cars in two Salisbury neighborhoods.

    More
  • Wanted Woman Found After Police Called Over Argument

    Wanted Woman Found After Police Called Over Argument

    Tuesday, May 23 2017 3:13 PM EDT2017-05-23 19:13:57 GMT
    Tuesday, May 23 2017 3:55 PM EDT2017-05-23 19:55:58 GMT

    A call about a verbal altercation led officers from the Milford Police Department to a wanted woman being found and a man charged with hindering prosecution.

    More

    Milford police say a call about an argument led officers to find a woman wanted in connection with several incidents.

    More
  • 2 Arrested in Thefts From Cars Dating Back to April

    2 Arrested in Thefts From Cars Dating Back to April

    Tuesday, May 23 2017 2:42 PM EDT2017-05-23 18:42:00 GMT
    Tuesday, May 23 2017 3:13 PM EDT2017-05-23 19:13:14 GMT
    The car break-ins, which took place across many cities, date back to April 2017The car break-ins, which took place across many cities, date back to April 2017

    Officers from the Easton Police Department have arrested and charged two people who have been connected to the break-ins of unlocked cars in thirteen different cities, dating back to April 2017.

    More

    Officers from the Easton Police Department have arrested and charged two people who have been connected to the break-ins of unlocked cars in 13 different communities on the Eastern Shore of Maryland.

    More
  • Most Popular StoriesMost Popular StoriesMore>>

  • 5 Arrested in Kent County Human Trafficking Case

    5 Arrested in Kent County Human Trafficking Case

    Monday, May 22 2017 4:59 PM EDT2017-05-22 20:59:41 GMT
    Monday, May 22 2017 11:08 PM EDT2017-05-23 03:08:51 GMT

    The Delaware State Police, with the assistance of the Federal Bureau of Investigation and the Delaware Department of Justice, arrested five people in connection with a human trafficking case. 

    More

    The Delaware State Police, with the assistance of the Federal Bureau of Investigation and the Delaware Department of Justice, arrested five people in connection with a human trafficking case. 

    More
  • Historic Seaford Diner Torn Down

    Historic Seaford Diner Torn Down

    Tuesday, May 23 2017 10:54 AM EDT2017-05-23 14:54:39 GMT
    Tuesday, May 23 2017 11:54 AM EDT2017-05-23 15:54:33 GMT

     One of the last remaining 1950's diner cars on Delmarva is now nothing but rubble.

    More

     One of the last remaining 1950's diner cars on Delmarva is now nothing but rubble.

    More
  • Man Shot in Leg in Dover

    Man Shot in Leg in Dover

    Tuesday, May 23 2017 8:59 AM EDT2017-05-23 12:59:58 GMT
    Tuesday, May 23 2017 9:13 AM EDT2017-05-23 13:13:59 GMT
    A man was shot near Walker and Saulsbury roads in Dover early Tuesday morning.A man was shot near Walker and Saulsbury roads in Dover early Tuesday morning.

     A man was shot in the leg near a 7-Eleven in Dover early Tuesday morning, according to police. 

    More

     A man was shot in the leg near a 7-Eleven in Dover early Tuesday morning, according to police. 

    More
Powered by Frankly

All content © Copyright 2000 - 2017 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices