WASHINGTON (AP) - The number of Americans seeking unemployment aid fell last week to seasonally adjusted 324,000, the lowest since January 2008. The drop points to fewer layoffs and possibly more hiring.
The Labor Department says weekly applications fell 18,000, the second straight sharp drop. The four-week average, a less volatile measure, plummeted 16,000 to 342,250.
Applications are a proxy for layoffs. But fewer job cuts are only one side of the equation: Companies also need to be confident enough to add workers for job growth to pick up and lower the unemployment rate.
Economists forecast that the economy added 160,000 jobs last month. That's much better than the 88,000 added in March, but below last year's pace of nearly 185,000 per month. The government will release the April employment report Friday.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Thursday, December 5 2013 9:19 PM EST2013-12-06 02:19:22 GMT
UPDATE: On Thursday two people were arrested after a high speed chase. It ended in the area of 13th & Lindeke near Hwy. 195.>>
UPDATE: On Thursday two people were arrested after a high speed chase. It ended in the area of 13th & Lindeke near Hwy. 195. Spokane County Sheriff's Deputies tell KHQ that the male driver rammed at least 2 patrol vehicles before being taken into custody. >>>SEND BREAKING NEWS PHOTOS TO PIX@KHQ.COM| >>
Friday, December 6 2013 2:18 PM EST2013-12-06 19:18:21 GMT
KHQ.COM - We all know that passwords protect our personal accounts and information. >>
KHQ.COM - We all know that passwords protect our personal accounts and information. However it's important to make sure that your password is unique and difficult to prevent people and software programs from figuring it out.>>
Tuesday afternoon the North Idaho Violent Crimes Task Force arrested 22-year-old Michael Anthony Sanchez in connection with the robbery of the Dominos Pizza that happened in Hayden back on November 15th. In a press release issued Thursday afternoon, the Kootenai County Sheriff's Office did not elaborate on details of the arrest.>>
Thursday, December 5 2013 11:58 AM EST2013-12-05 16:58:01 GMT
WASHINGTON (AP) - The White House is stepping up efforts to extend jobless benefits to long-term unemployed Americans.>>
WASHINGTON (AP) - The White House is stepping up efforts to extend jobless benefits to long-term unemployed Americans, arguing that more than a million people will lose the assistance if it isn't renewed by the end of the month, slowing economic growth.>>
Wednesday, December 4 2013 11:03 PM EST2013-12-05 04:03:37 GMT
Passwords for some of the most popular internet sites, including Facebook, Twitter and Google have been stolen and apparently leaked on the internet. >>
Passwords for some of the most popular internet sites, including Facebook, Twitter and Google have been stolen and apparently leaked on the internet. SpiderLabs says it uncovered the passwords during its latest internet sweep for the "Pony Botnet Controller," a malware-spreading set of programs. What this basically means is that the passwords were not leaked by Facebook or the other companies, but from thousands of computers infected with the malware.>>