Business

US Jobless Claims Drop To 5-Year Low

From Our CBS Music Web Sites

453641528 10 US Jobless Claims Drop To 5 Year LowAdorbale Baby Animals To Put A Smile On Your Face

150725619 10 US Jobless Claims Drop To 5 Year LowHot Models In Glasses

 alt=Musicians Then And Now II

452359780 10 US Jobless Claims Drop To 5 Year LowMissing Summer?

87222728 US Jobless Claims Drop To 5 Year Low8 Reasons to Have A Good Love Life

sx US Jobless Claims Drop To 5 Year Low Victoria's Secret Fashion Show

WASHINGTON (AP) – The number of Americans seeking unemployment aid fell last week to the lowest level in five years, evidence that employers are cutting fewer jobs and may step up hiring.

The Labor Department says weekly unemployment benefit applications dropped 5,000 to a seasonally adjusted 330,000. That’s the fewest since January 2008. The four-week average, a less volatile measure, fell to 351,750. That’s also the lowest in nearly five years.

The decline may reflect the government’s difficulty adjusting its numbers to account for layoffs after the holiday shopping season. Layoffs spike in the second week of January and then plummet. The department seeks to adjust for those trends, but the figures can still be volatile.

Applications are a proxy for layoffs. While layoffs are falling, hiring has been modest in recent months.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out: