Like The Herald Business Journal on Facebook!
The Herald of Everett, Washington
Heraldnet.com

The top local business stories in your email

Contact Us:

Josh O'Connor
Publisher
Phone: 425-339-3007
joconnor@heraldnet.com

Jody Knoblich
General Sales Manager
Phone: 425-339-3445
Fax: 425-339-3049
jknoblich@heraldnet.com

Jim Davis
Editor
Phone: 425-339-3097
jdavis@heraldnet.com

Site address:
1800 41st Street, S-300,
Everett, WA 98203

Mailing address:
P.O. Box 930
Everett, WA 98206

HBJ RSS feeds

Jobless benefit claims near 7-year low

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon |  PRINTER-FRIENDLY  |  COMMENTS
Los Angeles Times
Published:
WASHINGTON — Initial claims for unemployment benefits fell to near a seven-year low last week, the Labor Department said Thursday.
About 304,000 people filed for first-time benefits in the week ended Saturday, down 11,000 from the previous week.
It was the fewest new claims since the week ended May 24 and near the post-recession low of 298,000 reached two weeks before that.
The four-week average, which smoothes out some of the volatility in the claims figures, dropped by 3,500, to 311,500. That also was near a seven-year low.
Economists watch initial jobless claims closely as a sign of labor market health. Last week's figures indicate June's robust job growth continued into July.
The economy added 288,000 net new jobs in June, marking the first time since 1999-2000 that job growth has exceeded 200,000 for five straight months.
The unemployment rate fell to 6.1% last month.
The total number of people receiving unemployment benefits rose by 10,000, to 2.58 million, in the week ended June 28, the most recent data available, the Labor Department said .
But the four-week average for that figure fell 7,750, to 2.57 million, for the same week. That was the lowest since October 2007, the Labor Department said.
Story tags » JobsEmploymentUnemployment

MORE HBJ HEADLINES

CALENDAR

Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus

Market roundup