Fewest Americans since Feb. 2008 seek jobless aid - WKRN News 2

Fewest Americans since Feb. 2008 seek jobless aid

Posted:

WASHINGTON (AP) - The number of Americans seeking unemployment aid plummeted to 339,000 last week, the lowest level in more than four years. The sharp drop offered a hopeful sign that the job market could pick up.
    
The Labor Department says weekly applications fell by 30,000 to the lowest level since February 2008.  The four-week average, a less volatile measure, dropped by 11,500 to 364,000, a six-month low.
    
Applications are a proxy for layoffs. When they consistently drop below 375,000, it suggests that hiring is strong enough to lower the unemployment rate.
    
The decline adds to other evidence that hiring is improving. Last week's jobs report showed the unemployment rate fell to 7.8 percent, the first time it has fallen below 8 percent since January 2009.

  • InternationalMore>>

  • Swiss bank UBS reports 2Q net profit jump

    Swiss bank UBS reports 2Q net profit jump

    Tuesday, July 29 2014 2:41 AM EDT2014-07-29 06:41:03 GMT
    Swiss banking giant UBS AG reported a 15 percent jump Tuesday in second-quarter net profit compared to a year ago, driven by strong results from its core wealth management and trimmed-down investment banking...More >>
    Swiss banking giant UBS AG reported a 15 percent jump Tuesday in second-quarter net profit compared to a year ago, driven by strong results from its core wealth management and trimmed-down investment banking franchises...More >>
  • Khmer Rouge tribunal to tackle genocide charges

    Khmer Rouge tribunal to tackle genocide charges

    Tuesday, July 29 2014 2:25 AM EDT2014-07-29 06:25:22 GMT
    The slow course of justice for the leaders of Cambodia's murderous Khmer Rouge regime will inch forward again Wednesday, as a U.N.-backed tribunal holds an initial hearing against a pair of defendants in their...More >>
    The slow course of justice for the leaders of Cambodia's murderous Khmer Rouge regime will inch forward again Wednesday, as a U.N.-backed tribunal holds an initial hearing against a pair of defendants in their 80s...More >>
  • Israel targets symbols of Hamas control in Gaza

    Israel targets symbols of Hamas control in Gaza

    Tuesday, July 29 2014 1:18 AM EDT2014-07-29 05:18:27 GMT
    Israeli aircraft, tanks and navy gunboats pounded symbols of Hamas control in Gaza City in the heaviest night of bombardment in three weeks of Israel-Hamas fighting.More >>
    Israeli aircraft, tanks and navy gunboats targeted symbols of Hamas control in Gaza City early Tuesday in the heaviest night of bombardment in three weeks of Israel-Hamas fighting after Israeli Prime Minister Benjamin...More >>
Powered by WorldNow

441 Murfreesboro Road Nashville, TN 37210

Telephone: 615.369.7222
Fax: 615.369.7329
Email: news@wkrn.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Nashville, LLC. A Media General Company.