Monday, July 28th26.1°C
21452
21739

US unemployment claims rise slightly to 315,000 last week in latest sign of few layoffs

WASHINGTON - The number of Americans filing applications for unemployment benefits edged up slightly last week but remained at a level that indicated a healthy labour market.

The Labor Department says weekly unemployment benefit applications rose by 2,000 to 315,000. The four-week average, which smooths out week-to-week volatility, was essentially unchanged at 315,000.

The average has fallen by 9 per cent since the beginning of this year. Unemployment benefit applications are a proxy for layoffs, so the declines indicate that companies are cutting fewer jobs.

A separate report Thursday showed that the economy created 288,000 jobs in June, the fifth straight month of strong job creation above 200,000 per month. The unemployment rate dropped to 6.1 per cent, the lowest rate since September 2008.

The Canadian Press


Read more Business News

22447


Recent Trending




Today's Market
S&P TSX15444.71-10.33
S&P CDNX1013.81-3.63
DJIA16982.8222.25
Nasdaq4447.882-1.682
S&P 5001979.43+1.09
CDN Dollar0.9255+0.0008
Gold1305.20+2.10
Oil101.91-0.18
Lumber323.20-2.30
Natural Gas3.754-0.027

 
Okanagan Companies
Pacific Safety0.195+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.150.00
Cantex0.065-0.005
Anavex Life Sciences0.26-0.015
Metalex Ventures0.08+0.01
Russel Metals35.33-0.03
Copper Mountain Mining2.875+0.055
Colorado Resources0.22+0.01
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.02-0.03
Mission Ready Services0.19+0.01

 





FEATURED Property
1511262520 Caramillo Court
5 bedrooms 6 baths
$895,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Labour shortage in BC

The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...

_








Member of BC Press Council


22758