Latest News:  
Beijing   Sunny    1 / -8   City Forecast

People's Daily Online>>World

U.S. jobless claims hit three-year low

(Xinhua)

08:39, December 16, 2011

WASHINGTON, Dec. 15 (Xinhua) -- The number of Americans initially applying for unemployment aid last week dropped to the lowest level since May 2008, a positive sign for the outlook of the U.S. job market, the Labor Department reported Thursday.

The department said that the advance figure for seasonally adjusted initial claims for jobless benefits was 366,000 in the week ending Dec. 10, a sharp decrease of 19,000 from the previous week's revised figure.

Fewer than 375,000 people applying for aid consistently signals that hiring is strong enough to lower the unemployment rate.

Meanwhile, the four-week moving average, which more closely watched claims figure, continued to dip to 387,750, the lowest level since July 2008.

The advance figure for seasonally adjusted insured unemployment during the week ending Dec. 3 was 3.603 million, an increase of 4,000 from one week earlier.

While there is more evidence for an improving labor market, few believe it will return to a normal level in the short term due to weak economic growth.

The weekly figures of jobless benefits application reflect the level of layoffs and indicate real-time condition of the American job market.

 
 
 
 
We Recommend
 
 
 

Email|Print|Comments(Editor:张茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. 2011 colours: Memories of red

  2. Pingjiang Street in Suzhou

  3. Jewelry shop robbed in downtown Changsh

  4. A snapshot of Capital Museum

Most Popular

Opinions

  1. Dubai chasing Singapore's strictness with violations
  2. Too early to loosen China's property controls
  3. Do not let disputes taint Sino-Korean ties
  4. The natural way to pick your stocks
  5. China must retain its strengths as it goes global
  6. Canada's short-sighted move should be denounced
  7. Developed world should fulfill emission promise
  8. New ways needed for environment, economic crises
  9. Structural optimization vital to Chinese economy
  10. Canada withdrawal foretells chaotic future

What's happening in China

Beijing court hears divorce proceedings against China's wife-beating "Crazy English" Li

  1. Xi'an businessman donates school bus
  2. More train tickets can be booked online
  3. Chinese demand for overseas study surges
  4. Engraved tortoise shells found in Shaanxi
  5. China finds ancient large casting workshop

PD Online Data

  1. Yangge in Shaanxi
  2. Gaoqiao in Northern China
  3. The drum dance in Ansai
  4. Shehuo in Baoji City
  5. The dragon dance