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U.S. jobless-aid applications rise to 326,000

By The Associated Press

This article was published May 22, 2014 at 9:26 a.m.

WASHINGTON — The number of people seeking U.S. unemployment benefits jumped last week, but remained at a low level that suggests hiring should remain steady.

Applications rose 28,000 to a seasonally adjusted 326,000, the Labor Department said Thursday. The increase comes after applications fell to their lowest level since May 2007 two weeks ago.

The four-week average, a less volatile measure, dipped 1,000 to 322,500. The average reached a seven-year low of 312,000 last month. Applications are a proxy for layoffs, so the low levels suggest companies are cutting few jobs.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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