Contact Us

Fewest Americans Since February 2008 Seek Jobless Aid

Unemployment (File)
Clipart

WASHINGTON (AP) – The number of Americans seeking unemployment aid plummeted to 339,000 last week, the lowest level in more than four years. The sharp drop offered a hopeful sign that the job market could pick up.

The Labor Department says weekly applications fell by 30,000 to the lowest level since February 2008.  The four-week average, a less volatile measure, dropped by 11,500 to 364,000, a six-month low.

Applications are a proxy for layoffs. When they consistently drop below 375,000, it suggests that hiring is strong enough to lower the unemployment rate.

The decline adds to other evidence that hiring is improving. Last week’s jobs report showed the unemployment rate fell to 7.8 percent, the first time it has fallen below 8 percent since January 2009.

More US & World News

Copyright 2012 by The Associated Press. All rights reserved. Material may not be redistributed.

More Local News

Latest Rock Report

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://b1027.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on B102.7 - Sioux Falls Classic Rock quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on B102.7 - Sioux Falls Classic Rock quickly by logging in with your Facebook account. It's just as secure, and no password to remember!