US unemployment benefit numbers rise

Written By Unknown on Kamis, 16 April 2015 | 22.24

THE number of Americans seeking unemployment aid rose for the second straight week yet remained at a low level that is consistent with more hiring.

APPLICATIONS increased 12,000 last week to a seasonally adjusted 294,000, the Labor Department said.

Despite the increase, other data on Thursday suggests the number of laid-off workers applying for benefits is still quite low.The four-week average, a less volatile measure, ticked up 250 to 282,750, just barely above the previous week's level, which was the lowest in nearly 15 years.With fewer Americans seeking aid, the number of people collecting benefits fell to 2.27 million, the lowest in more than 14 years. The benefit rolls have dropped because some unemployed have found jobs, while many others have used up all the benefits available.The US economy is stumbling through a period of slower growth, but when applications are below 300,000, that suggests employers haven't been spooked enough to cut many jobs.Hiring was sluggish last month. Employers added just 126,000 jobs in March, the fewest in 15 months and snapping a year-long streak of monthly gains above 200,000. The unemployment rate remained 5.5 per cent.

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