Unemployment Applications Down to 4-month Low - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Unemployment Applications Down to 4-month Low

Posted: Updated:

WASHINGTON (AP) -- The number of people seeking U.S. unemployment benefits fell 10,000 last week to a seasonally adjusted 311,000, the lowest since late November and a hopeful sign hiring could pick up.
 
The Labor Department says the four-week average of applications, a less volatile measure, fell 9,500 to 317,750. That is the fourth straight drop and the lowest level in six months. It brings applications in line with pre-recession levels.
 
The sustained decline suggests companies are confident enough about future growth to keep their staffs. Applications are a proxy for layoffs. Greater business confidence can also lead to more hiring.
 
About 3.3 million people received benefits in the week ending March 8, the latest data available. That was about 43,000 fewer than the previous week.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Today's Top StoriesMore>>

  • Suspect Killed in Officer-Involved Shooting Identified

    Suspect Killed in Officer-Involved Shooting Identified

    Tuesday, September 2 2014 9:19 PM EDT2014-09-03 01:19:35 GMT
    The Washoe County Medical Examiner's Office has identified 42-year-old Royal Shawn Bingamen, from Idaho, as the armed robbery suspect who was killed in a shootout with Reno police Sunday night.More >>
    The Washoe County Medical Examiner's Office has identified 42-year-old Royal Shawn Bingamen, from Idaho, as the armed robbery suspect who was killed in a shootout with Reno police Sunday night.More >>
  • State Attorney General Files suit against the Washoe School Trustees

    State Attorney General Files suit against the Washoe School Trustees

    Tuesday, September 2 2014 7:08 PM EDT2014-09-02 23:08:29 GMT
    The list of legal problems for the Washoe School District grew this morning as the State Attorney General's Office filed six counts each against the six trustees involved in the Pedro Martinez suit. But The School Board's outside counsel says he began working on settlement in that matter since last Wednesday and able to file it immediately. The suit alleges the trustees made six different violations to the State Open Meeting Law and that they should be paying $500 per violation. Those violati...More >>
    The list of legal problems for the Washoe School District grew this morning as the State Attorney General's Office filed six counts each against the six trustees involved in the Pedro Martinez suit. But The School Board's outside counsel says he began working on settlement in that matter since last Wednesday and able to file it immediately. The suit alleges the trustees made six different violations to the State Open Meeting Law and that they should be paying $500 per violation. Those violati...More >>
  • Paleo Program to Lose Weight

    Paleo Program to Lose Weight

    Tuesday, September 2 2014 7:03 PM EDT2014-09-02 23:03:32 GMT
    The paleo lifestyle might be the right thing for you to lose weight.  At least a local doctor's office thinks so.More >>
    The paleo lifestyle might be the right thing for you to lose weight.  At least a local doctor's office thinks so.
    More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.