Jobless Claims Fall; Fourth Drop In Five Weeks - Spokane, North Idaho News & Weather KHQ.com

Jobless Claims Fall; Fourth Drop In Five Weeks

WASHINGTON (AP) – The number of people seeking unemployment benefits fell further last week, ending the year on a three-month run of declines that point to stronger hiring in 2012.

Weekly applications dropped by 15,000 to a seasonally adjusted 372,000 last week, the Labor Department said. That's 11% lower than the same time last year and a positive sign ahead of Friday's important read on December job growth.

The four-week average, which smooths fluctuations, fell to 373,250 — the lowest level since June 2008.

When applications drop below 375,000 — consistently — they generally signal that hiring is strong enough to reduce the unemployment rate.

Hiring strengthened at the end of last year, and economists expect it will pick up even further this year.

Economists surveyed by the Associated Press project that the economy will generate an average of 175,000 jobs per month this year. That would be a step up from average monthly gains of 130,000 last year and 78,000 in 2010.

On Friday, the Labor Department reports on employment conditions in December. Economists predict that employers added 150,000 net jobs, which would be an improvement from November's gain of 120,000.

In November, the unemployment rate fell to 8.6% from 9% a month earlier. Still, about half that decline occurred because many of the unemployed gave up looking for work. When people stop looking for a job, they're no longer counted as unemployed.

Another positive sign for hiring came earlier this week. A trade group reported that manufacturers boosted hiring last month as production and new orders rose to their highest levels since April.

The pickup in hiring reflects some modest improvement in the economy. Growth will likely top 3% at an annual rate in the final three months of this year, economists expect. That would be a sharp improvement over the 1.8% growth in the July-September quarter.

Even so, economists worry that growth could then slow in the first half of 2012. Europe is almost certain to fall into recession because of its financial troubles. And without more jobs and higher incomes, consumers may have to cut back on spending. That could drag on growth in 2012.

  • Most Popular StoriesMost Popular StoriesMore>>

  • FIRST ON KHQ: Former Spokane NAACP president Rachel Dolezal facing felony theft charges for welfare fraud

    FIRST ON KHQ: Former Spokane NAACP president Rachel Dolezal facing felony theft charges for welfare fraud

    Friday, May 25 2018 2:09 AM EDT2018-05-25 06:09:50 GMT

    SPOKANE, Wash. - Former Spokane Chapter NAACP President Rachel Dolezal is now facing legal trouble that could land her behind bars. KHQ has confirmed that Dolezal, who legally changed her name to Nkechi Diallo in 2016, is accused of 1st Degree Theft by Welfare Fraud, Perjury in the 2nd Degree, and False Verification for Public Assistance.

    >>

    SPOKANE, Wash. - Former Spokane Chapter NAACP President Rachel Dolezal is now facing legal trouble that could land her behind bars. KHQ has confirmed that Dolezal, who legally changed her name to Nkechi Diallo in 2016, is accused of 1st Degree Theft by Welfare Fraud, Perjury in the 2nd Degree, and False Verification for Public Assistance. Her potential punishment under RCW 74.08.331 could include up to 15 years in prison.

    >>
  • Mysterious wolf-like creature shot in Montana

    Mysterious wolf-like creature shot in Montana

    Thursday, May 24 2018 7:58 PM EDT2018-05-24 23:58:21 GMT
    Image Courtesy KXLO via KFBBImage Courtesy KXLO via KFBB
    Image Courtesy KXLO via KFBBImage Courtesy KXLO via KFBB

    DENTON, Mont. - A large wolf-like animal was shot and killed May 16 by a rancher near Denton, Montana. It now has wildlife officials and the public wondering what it was, according to KFBB. The animal came within several hundred yards of the rancher’s livestock. Montana Fish, Wildlife, and Parks (FWP) said in a statement the rancher shot it and reported it as required by law. The animal was a young, non-lactating female and a canid, a 

    >>

    DENTON, Mont. - A large wolf-like animal was shot and killed May 16 by a rancher near Denton, Montana. It now has wildlife officials and the public wondering what it was, according to KFBB. The animal came within several hundred yards of the rancher’s livestock. Montana Fish, Wildlife, and Parks (FWP) said in a statement the rancher shot it and reported it as required by law. The animal was a young, non-lactating female and a canid, a 

    >>
  • FBI issues warning for small and home office internet routers

    FBI issues warning for small and home office internet routers

    Friday, May 25 2018 11:28 AM EDT2018-05-25 15:28:05 GMT

    KHQ.COM - The FBI has issued a warning to anyone with a small or home office internet router. In a press release and a post on the official FBI Facebook page the agency says "foreign cyber actors have compromised hundreds of thousands of home and office routers and other networked devices worldwide by using VPNFilter malware."

    >>

    KHQ.COM - The FBI has issued a warning to anyone with a small or home office internet router. In a press release and a post on the official FBI Facebook page the agency says "foreign cyber actors have compromised hundreds of thousands of home and office routers and other networked devices worldwide by using VPNFilter malware."

    >>
HD DOPPLER 6i
/