Subscribe Register Login

Saturday, August 30, 2014, 5:19 p.m.
Top Picks - Mobile App

U.S. jobless-aid applications fall to 5-year low

By The Associated Press

This article was originally published December 27, 2012 at 7:43 a.m. Updated December 27, 2012 at 10:33 a.m.

— The average number of people seeking unemployment benefits over the past month fell to the lowest level since March 2008, a sign that the job market is healing.

The Labor Department said Thursday that weekly applications dropped 12,000 to a seasonally adjusted 350,000 in the week ended Dec. 22.

The four-week average, a less volatile measure, fell to a nearly five-year low of 356,750.

Still, the figures were disrupted by the Christmas holiday. A department spokesman said many state unemployment offices were closed Monday and Tuesday and unable to compile complete data.

Fourteen states provided estimates, and the department estimated the numbers for five additional states.

The government might estimate one or two states in a typical week, but 19 state estimates are unusually high.

Meanwhile, Americans bought new homes last month at the fastest pace in more than two and a half years, further evidence of a sustained housing recovery.

Sales of new homes rose 4.4 percent in November from October to a seasonally adjusted annual rate of 377,000, the Commerce Department said Thursday. That’s the fastest pace since April 2010, when a federal tax credit boosted sales.

New-home sales have also increased 15.3 percent over the past year. The improvement comes from depressed levels. Sales remain below the 700,000 that economists consider healthy.

In other economic news, U.S. consumer confidence tumbled in December, driven lower by fears of sharp tax increases and government spending cuts set to take effect next week.

The Conference Board said Thursday that its consumer confidence index fell this month to 65.1, down from 71.5 in November. That’s the second straight decline and the lowest level since August.

The survey showed consumers are slightly more optimistic about current business conditions and hiring. But their outlook for the next six months deteriorated to its lowest level since 2011.

Comment on: U.S. jobless-aid applications fall to 5-year low

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

Displaying 1 - 1 of 1 total comment

Jackabbott says... December 27, 2012 at 8:12 a.m.

For whatever it is worth, it is in the right direction. Of course, we know nothing about the quality or pay of these jobs.

( | suggest removal )

  • page
  • 1
Click here to make a comment

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

TOP JOBS

  • Agriculture

    agriculturesweet M Logistics, LLC, New Iberia, LA is now hir...
    NEW IBERIA, LA

  • Early childhood educ

    early childhoodspecial Educators Needed in Japan!Paid Reloca...
    LITTLE ROCK, AR

  • Driver trainees

    truck drivertrainees needed!Learn to drive forStevens Transp...
    LITTLE ROCK, AR

  • Agriculture

    agricultureedward C. Faust dba Faust Farms, Amite, LA, is no...
    HAMMOND, LA

  • Lpn or med. assistan

    LPN or medical assistant needed part time for busy medical c...
    LITTLE ROCK, AR

Search 934 jobs >

Top Picks - Mobile App
Arkansas Online