Unemployment Claims Drop Below 400,000 - Spokane, North Idaho News & Weather KHQ.com

Unemployment Claims Drop Below 400,000

WASHINGTON (AP) - The number of people applying for unemployment benefits last week fell to its lowest level since July 2008.

Applications dropped 34,000 to 388,000, the fewest since July 2008, the Labor Department said Thursday. The level of applications has either fallen or remained unchanged in five of the past six weeks.

Unemployment applications below 425,000 signal modest job growth. But economists say applications need to fall consistently to 375,000 or below to indicate a significant decline in unemployment. Applications for unemployment benefits peaked during the recession at 651,000 in March 2009.

The level of applications can be particularly volatile during the holidays. But a department analyst said no unusual factors affected the report.

Applications are a real-time snapshot of the job market. If they continue to move down, hiring is more likely to pick up. They reflect the level of layoffs but can also indicate whether companies are willing to add workers.

The four-week average, a less-volatile measure, dropped 12,500 to 414,000 in the week ending Dec. 25. That's the lowest level since late July 2008.

For most of the year applications hovered around 450,000 before dropping below that number in November. The four-week average has fallen by more than 40,000 in the past two months.

Employers added a net total of only 39,000 jobs in November, the Labor Department said earlier this month, and the unemployment rose to 9.8%.

Most economists expect the December jobs report will show larger job gains. The report comes out on Jan. 7.

The total number of people receiving unemployment benefits rose in the week ending Dec. 18 to 4.13 million.

That doesn't include millions of unemployed workers receiving extended benefits under an emergency program set up during the recession. About 4.5 million people are receiving extended benefits for up to 99 weeks. All told, nearly 8.9 million people obtained unemployment benefits in the week ending Dec. 11, the latest data available.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Most Popular StoriesMost Popular StoriesMore>>

  • "My son was just gone": mother of kidnapped baby speaks out about online danger

    "My son was just gone": mother of kidnapped baby speaks out about online danger

    Tuesday, November 21 2017 12:30 AM EST2017-11-21 05:30:18 GMT
    Police say Fern Littlecalf kidnapped a babyPolice say Fern Littlecalf kidnapped a baby

    SPOKANE, Wash.- The mother of a 6-month old baby who was kidnapped as part of an elaborate online scam is speaking out, urging everyone to be careful who they meet on the internet.  Lekeisha Johnson, from Kennewick, says she thought she'd been in a relationship with a man for weeks, but then she found out that her supposed boyfriend never existed in the first place. 

    >>

    SPOKANE, Wash.- The mother of a 6-month old baby who was kidnapped as part of an elaborate online scam is speaking out, urging everyone to be careful who they meet on the internet.  Lekeisha Johnson, from Kennewick, says she thought she'd been in a relationship with a man for weeks, but then she found out that her supposed boyfriend never existed in the first place. 

    >>
  • Can you prank your mom? 'The 25 pound turkey challenge'

    Can you prank your mom? 'The 25 pound turkey challenge'

    Wednesday, December 21 2016 2:36 PM EST2016-12-21 19:36:25 GMT

    KHQ.COM - Most mothers can only hope by the time their children grow up and move out of the house, they've learned all the necessary things to be a successful adult, including the basic knowledge that a turkey must be cooked in an oven, or perhaps in a smoker... NOT in a microwave. For this reason a new prank-challenge going around on Facebook is resulting in some hilarious text conversations between mothers and their grown children.

    >>

    KHQ.COM - Most mothers can only hope by the time their children grow up and move out of the house, they've learned all the necessary things to be a successful adult, including the basic knowledge that a turkey must be cooked in an oven, or perhaps in a smoker... NOT in a microwave. For this reason a new prank-challenge going around on Facebook is resulting in some hilarious text conversations between mothers and their grown children.

    >>
  • Seattle budget includes money for safe-injection site

    Seattle budget includes money for safe-injection site

    Tuesday, November 21 2017 11:46 AM EST2017-11-21 16:46:49 GMT

    SEATTLE, Wash. - The Seattle City Council has passed a 2018 budget that includes $1.3 million to create what could be the nation's first authorized safe-injection site for drug users. The Seattle Times reports that the $5.6 billion budget approved Monday also increases city spending on programs that address homelessness to $63 million, a nearly 40 percent jump over four years ago. 

    >>

    SEATTLE, Wash. - The Seattle City Council has passed a 2018 budget that includes $1.3 million to create what could be the nation's first authorized safe-injection site for drug users. The Seattle Times reports that the $5.6 billion budget approved Monday also increases city spending on programs that address homelessness to $63 million, a nearly 40 percent jump over four years ago. 

    >>
HD DOPPLER 6i
/