WASHINGTON (AP) - A number of applicants for unemployment benefits fell slightly last week, but applications are still above levels consistent with a healthy economy. Weekly applications fell seasonally adjusted 6000 403 000, the Ministry of Labor said Thursday. Figure previous week was revised to 409,000.
But the applications are ticking down. A four-week average fell to the fourth week, and 403000. A month ago, was 422250. Applications must come down below 375 000 to report a sustained growth in employment. They have not been below that level since February.
Economists have been close to unemployment benefits, the relationship for fear of another recession intensified in August. Layoffs and applications tend to increase at the beginning of a step back. The slow decline in applications proposing to take slowly, but layoffs are not worsening.
But the applications are ticking down. A four-week average fell to the fourth week, and 403000. A month ago, was 422250. Applications must come down below 375 000 to report a sustained growth in employment. They have not been below that level since February.
Economists have been close to unemployment benefits, the relationship for fear of another recession intensified in August. Layoffs and applications tend to increase at the beginning of a step back. The slow decline in applications proposing to take slowly, but layoffs are not worsening.