Mixed numbers on U.S. jobless - KSWO 7News | Breaking News, Weather and Sports

Mixed numbers on U.S. jobless

The number of laid-off workers filing claims for unemployment benefits showed an unexpected improvement last week although a key indicator of unemployment hit a four-year high.

The Labor Department reported Thursday that applications for unemployment benefits totaled 357,000 last week, some 18,000 fewer than the previous week. That pushed applications for benefits to their lowest level since mid-April.

However, the four-week average for people receiving benefits edged up to 3.086 million, the highest level since March 6, 2004, when the country was still struggling to recover from a prolonged period of rising unemployment.

The increase in so-called continuing claims underscored the problems people are facing with rising layoffs and the difficulty in finding new jobs in a weak economy.

The unemployment report for May will be released on Friday. Analysts are expecting that the overall civilian jobless rate will edge up to 5.1 percent, compared to 5 percent in April, and that businesses will have cut 60,000 jobs, marking the fifth straight month of job losses.

This prolonged stretch of job cuts has many economists believing the country has fallen into a recession.

However, the overall economy as measured by the gross domestic product has managed to remain in positive territory with the GDP growing at an annual rate of 0.9 percent in the first three months of the year.

©2008 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

  • Local NewsNewsMore>>

  • For the first time, Facebook spells out what it forbids

    For the first time, Facebook spells out what it forbids

    Tuesday, April 24 2018 5:46 AM EDT2018-04-24 09:46:09 GMT
    Tuesday, April 24 2018 8:31 AM EDT2018-04-24 12:31:07 GMT
    (AP Photo/Richard Drew, File). FILE - In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite in New York's Times Square. For the first time, Facebook is making public, on Tuesday, April 24, its detailed gu...(AP Photo/Richard Drew, File). FILE - In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite in New York's Times Square. For the first time, Facebook is making public, on Tuesday, April 24, its detailed gu...

    For the first time, Facebook spells out how it decides whether to delete your posts.

    For the first time, Facebook spells out how it decides whether to delete your posts.

  • Motive elusive after van driver kills 10 on Toronto sidewalk

    Motive elusive after van driver kills 10 on Toronto sidewalk

    Tuesday, April 24 2018 12:25 AM EDT2018-04-24 04:25:49 GMT
    Tuesday, April 24 2018 8:29 AM EDT2018-04-24 12:29:28 GMT
    (Aaron Vincent Elkaim/The Canadian Press via AP). Officials carry a body into a vehicle after a van mounted a sidewalk crashing into pedestrians in Toronto on Monday, April 23, 2018. The rented van jumped onto the crowded sidewalk Monday, killing and i...(Aaron Vincent Elkaim/The Canadian Press via AP). Officials carry a body into a vehicle after a van mounted a sidewalk crashing into pedestrians in Toronto on Monday, April 23, 2018. The rented van jumped onto the crowded sidewalk Monday, killing and i...

    Police in Canada's biggest city are piecing together witness accounts and surveillance video trying to determine why a driver plowed a rented van along a crowded sidewalk, killing 10 people and injuring 15 in what...

    Police in Canada's biggest city are piecing together witness accounts and surveillance video trying to determine why a driver plowed a rented van along a crowded sidewalk, killing 10 people and injuring 15 in what many said seemed a deliberate attack.

  • 77th Army Band and Cameron University's Concert Band perform together

    77th Army Band and Cameron University's Concert Band perform together

    Tuesday, April 24 2018 8:23 AM EDT2018-04-24 12:23:45 GMT
    (Source Cameron University Music Program)(Source Cameron University Music Program)

    Cameron University's Concert Band will unite with the 77th Army Band for a concert Tuesday, April 24th.

    Cameron University's Concert Band will unite with the 77th Army Band for a concert Tuesday, April 24th.

Powered by Frankly