New jobs report suggests companies are confident - KWWL - Eastern Iowa Breaking News, Weather, Closings

New jobs report suggests companies are confident

Posted: Updated:

WASHINGTON (AP) -- The number of Americans seeking unemployment benefits rose slightly last week yet remained at a low level consistent with solid job growth.

The Labor Department says weekly applications for jobless aid rose 3,000 to a seasonally adjusted 267,000. The four-week average, a less volatile figure, declined to 271,750.

Applications are a proxy for layoffs and are at historically low levels that suggest companies are confident in the economy and determined to hold onto their staffs. The four-week average fell to a 15-year low last month.

Powered by Frankly