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Employment claims fall to 5 1/2 year low

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Thursday, August 01, 2013

The number of Americans applying for unemployment benefits fell last week to the lowest amount since January 2008.

The Labor Department said Thursday that the less volatile four-week average slid 4,500 to 345,750. The July figures are typically volatile as the government has a difficult time adjusting for seasonal layoffs in the auto industry.

Still, the trend in weekly unemployment claims has been positive and offered hope that a better job market could help lift a sluggish economy later this year.

Read more at The Statesman Journal.

 

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