Fewer Americans applying for jobless aid

By Josh Boak

Associated Press

Published: Thursday, June 19 2014 10:02 p.m. MDT

Updated: Thursday, June 19 2014 10:02 p.m. MDT

In this Wednesday, June 18, 2014 photo, job seekers attend a job fair held by Sheetz to staff their under-construction distribution center, in Burlington, N.C. The Labor Department reports the number of people who applied for unemployment benefits last week on Thursday, June 19, 2014.

The Times-News, Sam Roberts, Associated Press

Enlarge photo»

WASHINGTON — Fewer Americans sought unemployment benefits last week, as the number of people collecting jobless aid fell to its lowest level in more than six years.

The Labor Department says weekly applications for unemployment benefits fell 6,000 to a seasonally adjusted 312,000. The four-week average, a less volatile measure, declined to 311,750.

There are 2.56 million people receiving benefits. That's the lowest total since October 2007, about two months before the recession began.

Applications are a proxy for layoffs, so the relatively low number of people seeking benefits shows that employers are letting go of fewer workers. When businesses are confident enough to keep staff, they may also hire more workers. Job gains should feed stronger economic growth.

Last week the Labor Department said employers added a solid 217,000 jobs in May.

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