Posted on 11/06/2014 12:20:50 PM PST by SeekAndFind
Fewer people applied for U.S. unemployment benefits last week, a sign that the job market should continue to improve.
The Labor Department said Thursday that weekly applications fell 10,000 to a seasonally adjusted 278,000. The four-week average, a less volatile measure, declined 2,250 to 279,000, the lowest level in more than 14 years.
Applications are a proxy for layoffs and have fallen 18.5 percent in the past year. This suggests rising economic confidence among businesses, causing them to keep their workers and potentially look to hire more employees.
"The Labor Department noted no special factors in this week’s report," Jesse Hurwitz, a Barclays research economist, wrote via e-mailed analysis. "The continued downward trend for initial and continuing claims is consistent with solid labor market improvement; however, given that this week’s report corresponds to the period after the survey week for the October payrolls report, our forecast for nonfarm payroll gains of 225,000 in tomorrow’s report remains unchanged."
The decline in applications has overlapped with stronger hiring this year.
Employers have added an average of 227,000 jobs a month in 2014, up from an average of 194,000 last year. Over the past 12 months, employers have added 2.64 million jobs, the best showing since April 2006.
(Excerpt) Read more at csmonitor.com ...
Tech, tech, tech........ day late and millions short
I wonder if it counts all the welfare parasites and the disability scammers as gainfully employed by the government.
Yep. Freedom is Slavery. Lies are Truth.
And the lemmings keep rushing forward...
I never knew so many people had 2 part time jobs.
Not to mention the record number of people retiring or those who have given up looking for a job.
How many of those ran out of their long-term unemployment benefits and no longer being counted?
How dare anyone tell the truth in an Age of Lies!
If the job numbers get any lower there will be a ton of unfilled jobs with no one to take them.
Zero.
After watching a mother & adult son this weekend shop Winco with separate shopping carts, separate checkout aisles and both with separate EBT cards unloading 2 full carts into an SUV 20 years newer than my rig...
...eh...I really have no comment on propaganda.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.