Podcasts & RSS Feeds
Most Active Stories
- Bellingham Store First To Open, Sell Legal Pot In Wash., Seattle Store Follows
- Where The First State-Licensed Pot Shops Are, And Why Some Will Wait To Open
- Get The Best Seats To 'Wait Wait...Don't Tell Me!' Before They Go On Sale!
- Record Number Of King Co. Teens Pledging To Good Grades, Behavior For Free College
- King County Data Shows Heroin Deaths Among Young Adults On The Rise
News & Music Contributors
Thu January 2, 2014
Jobless Claims Were Nearly Unchanged Last Week
Originally published on Thu January 2, 2014 5:57 am
There were 339,000 first-time claims filed for unemployment insurance last week, down slightly from 341,000 the week before, the Employment and Training Administration says.
According to The Associated Press, the slight decline is "evidence that layoffs are low and hiring will likely remain steady."
Bloomberg News focuses on the fact that claims dipped "to the lowest level in a month as the volatility typical during the year-end holidays waned."
This is the only glimpse into the labor market's health we'll get this week. Most months, the Bureau of Labor Statistics' data on the unemployment rate and job growth are released on the first Friday. But because of the holidays, the December report won't be ready until Jan. 10.
In November, according to the bureau's first glance at that month, the jobless rate fell to a 5-year-low of 7 percent and 203,000 jobs were added to payrolls.