Top Stories

Jun 30, 8:39 AM EDT

Claims for unemployment aid rise but remain at low level


AP Photo
AP Photo/Wilfredo Lee

Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
Eurozone inflation back above zero in June, but still low

UK stock index above pre-vote level: Crisis over? Not likely

German jobless rate edges below 6 percent in June

US economy grew at slightly faster 1.1 percent in Q1

Spain's economy grew estimated 0.7 pct in second quarter

South Korea cuts outlook, plans stimulus package

How Clinton's and Trump's economic prescriptions clash

Why Brexit endangers global unions that helped West prosper

British bracing for world economy to punish UK for 'Brexit'

Behind the support for Brexit and Trump: Economic resentment

WASHINGTON (AP) -- More Americans applied for unemployment benefits last week, but the level of jobless claims remains low enough to suggest that most workers enjoy job security.

The Labor Department said Thursday that weekly U.S. applications rose by 10,000 to a seasonally adjusted 268,000. The 4-week average, which is less volatile, was unchanged at 267,000.

Unemployment claims are a proxy for layoffs. They have remained below 300,000 for 69 straight weeks, longest such streak since 1973.

Hiring has slowed this spring. Employers added just 38,000 jobs last month, the fewest in more than five years. But even if they are not adding many workers, employers are still reluctant to reduce their staffs. The unemployment rate fell in May to 4.7 percent, lowest in more than eight years.

The U.S. economy got off to a slow start this year, growing at a weak annual pace of just 1.1 percent from January through March. Economists expect growth to pick this quarter, driven by healthy consumer spending.

Still, the Federal Reserve has been reluctant to declare the economy completely healthy, deciding at all four meetings this year that conditions were not yet strong enough to justify higher interest rates. Britain's June 23 decision to leave the European Union has rattled markets and created uncertainty about the global economic outlook.

© 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

  • 490 First Avenue South
  • St. Petersburg, FL 33701
  • 727-893-8111