There were only 3,000 fewer first-time claims filed for jobless benefits last week, but the slight decline is being seen as another sign that the nation’s labor market will gain some strength once Spring arrives.
The Employment and Training Administration said Thursday that 336,000 applications were submitted last week, vs. 339,000 the week before.
That means the pace of claims is still running about where it’s been since late 2011.
But here’s how the latest news is being interpreted:
— It’s “a sign employers [were] holding the line on firings even as cold weather slowed industries from manufacturing to housing,” Bloomberg News says. What’s more, “a slowdown in dismissals could lay the groundwork for a pickup in hiring, and more jobs could translate to a boost in consumer spending,” which in turn could help give an even further lift to employment.
— The dip points to “steadily improving labor market conditions, despite two straight months of weak hiring,” writes Reuters.
— The news signals “steady improvement in the job market,” adds The Wall Street Journal.
Read original article – Published February 20, 2014 9:00 AM
Dip In Jobless Claims Seen As Sign Of Better Times Ahead
- Mayor Greg Fisk was found dead at his home on Kennedy Street earlier this afternoon.
- As a child in Iran, Parisa Elahian was told by school officials she wasn’t equal with other children. "They called us dirty, so they had to separate us from the other kids, so I was in the corner of the class," Elahian said.
- This weekend, crowds showed up in the pouring rain to do their holiday shopping at Juneau’s Public Market, but it wasn’t the only place in town to buy local goods.
- Southeast Alaska biologists had a rare opportunity to watch the hatching of thousands of market squid eggs.