Thursday, January 29th1.0°C
24736

Applications for US jobless aid edges up to 302K; people collecting benefits at 7-year low

WASHINGTON - Slightly more Americans sought unemployment benefits last week, but the total number of people receiving jobless aid remains at its lowest level in more than seven years.

The Labor Department says applications for jobless aid rose 4,000 to a seasonally adjusted 302,000. The four-week average, a less volatile measure, increased 3,000 to a still-low 299,750. A steady decline over the summer in applications means that 2.46 million people collected benefits last week, the lowest total since June 2007, a few months before the Great Recession began.

Applications are a proxy for layoffs. When employers keep their workers, it suggests that they are more confident about economic growth and possibly ready to increase hiring.

The government releases the August jobs report Friday. Economists forecast that employers added 220,000 jobs last month.

The Canadian Press


Read more Business News

23643


Recent Trending




Today's Market
S&P TSX14602.88-231.00
S&P CDNX667.30-9.49
DJIA17191.37-195.84
Nasdaq4637.994-43.503
S&P 5002002.16-27.39
CDN Dollar0.7964-0.0015
Gold1286.60-5.10
Oil46.18-0.18
Lumber318.40+2.90
Natural Gas2.87-0.111

 
Okanagan Companies
Pacific Safety0.120.00
Knighthawk0.010.00
QHR Technologies Inc1.47+0.04
Cantex0.0350.00
Anavex Life Sciences0.182+0.002
Metalex Ventures0.035-0.005
Russel Metals23.70-0.63
Copper Mountain Mining1.00-0.05
Colorado Resources0.145-0.01
ReliaBrand Inc0.01+0.0031
Sunrise Resources Ltd0.03-0.025
Mission Ready Services0.21-0.03

 



23967

FEATURED Property
2093630504 2040 Springfield rd
2 bedrooms 2 baths
$344,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Service fit makes happy employees

Finding the right employees for the front lines of your company is key to developing a great service attitude within your company. It is just as important as hiring the right accountant, manager, sale...


How to price: workbook approach

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The book is now available in Europe, India, Russia and the United States. The purpose of the book was to make avai...


Ailing Parents: Tax Issues

If your parent has become ill, there can be several tax issues that come into play depending on the nature of their illness, their age and the role that family members are playing. For example, if you...

_



24709




Member of BC Press Council


23646