Good hiring sign: Jobless claims slip to 339,000
10 Share This Story!Let friends in your social network know what you are reading about Good hiring sign: Jobless claims slip to 339,000New numbers are evidence that layoffs are low and hiring will likely remain steady. Post to FacebookPosted!A link has been posted to your Facebook feed. Sent!A link has been sent to your friend's email address.Sign in now to share your story.Sign in with FacebookSign in with Google+Be first to contributeAdd Videos or PhotosBe first to contribute Verifying your credentials... Please wait. Uh oh! We're experiencing a few technical issues. Try again Christopher S. Rugaber, AP 9:44 a.m. EST January 2, 2014 A job fair for veterans hosted by the Chicago Sky WNBA basketball team on Sept. 6 in Rosemont, Ill.(Photo: Scott Olson, Getty Images)Story HighlightsBut less volatile four-week average rose 8,500 to 357,250But . . . that average was driven up by seasonal volatilityJobless rate fell to a five-year low of 7% in NovemberWASHINGTON — The number of Americans seeking unemployment benefits dipped 2,000 last week to a seasonally adjusted 339,000, evidence that layoffs are low and hiring will likely remain steady.The Labor Department says the less volatile four-week average rose 8,500 to 357,250. The average was driven up in recent weeks by spikes that reflected seasonal volatility around the Thanksgiving and Christmas holidays. The government struggles to account for seasonal hiring by retailers and other businesses and for temporary layoffs of school employees during the holidays.STOCKS THURSDAY: How markets are doing[1]Applications are a proxy for layoffs. They appear to have stabilized near the pre-recession levels reached in the late summer and are at a level consistent with solid hiring.The unemployment rate fell to a five-year low of 7% in November.Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Looking…
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